MMBTtrader

BTCUSD can hit 50K$ if it loses the 55K$ support

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Based on our daily chart (short-position) that shared at 68K$:

price can fall more and hit 50K target and support too(after breaking 55K support here only).

The main support zone now is 55500$ support and the Main resistance zone is the Blue trendline resistance zone .
if the price breaks main support or resistance then we can expect more dump or local a pump.

And price now is bounded with this support and resistance mentioned on the chart and is range.

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