Bitcoin is in a downtrend channel after growing up to $ 69,000.
The $ 51- $ 53,000 range is a support area, and prices may return to this price area for testing.
To stabilize the uptrend, the price must first cross the range of $ 60,000, then it must reach the range of $ 80,000.
If the support level below $ 50,000 is broken, the price will probably enter a medium-term downtrend.
This analysis will be updated.
The $ 51- $ 53,000 range is a support area, and prices may return to this price area for testing.
To stabilize the uptrend, the price must first cross the range of $ 60,000, then it must reach the range of $ 80,000.
If the support level below $ 50,000 is broken, the price will probably enter a medium-term downtrend.
This analysis will be updated.