Bitcoin is testing a strong support
Bitcoin is pulling back to test strong upside support 53000. A break below is needed for a downside reversal to 50000. We need to see a bounce here for the upside continuation and a break above 55250 again. This is a healthy pullback correction in an uptrend and should be used to build a buying position as long as Bitcoin holds above 52000.
Note – Look to buy with the protective stop below 52000
If you want to learn trading analysis and how to get to key trading levels like in this article register for Private Live mentoring with your trading evaluation.
Funded trader accounts with unlimited lot size to trade!
Register today and trade a Funded Trader account without limitations!
No limits in maximum lot size allowed to trade! Profit-sharing up to 60%!
Copy our trades!
