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Bitcoin Support Turned Resistance

Long
Bitcoin / TetherUS (BINANCE:BTCUSDT)  
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BINANCE:BTCUSDT   Bitcoin / TetherUS
Trend Analysis Technical Indicators Fundamental Analysis BTCUSD BTC BTCUSDT Bitcoin (Cryptocurrency) bitcoinusd bitcoinusdt bitcoinprice bitcoinforecast bitcoindollar
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trendanalysis indicator fundamental btcusd btc btcusdt bitcoin bitcoinusd bitcoinusdt bitcoinprice bitcoinforecast bitcoindollar
A key concept of technical analysis is that when a resistance or support level is broken, its role is reversed. If the price falls below a support level, that level will become resistance, which is the case for Bitcoin right now.

59100 is the new resistance and we also have a strong support now at 54300.

I think the price will bounce in this area for the next days, until we see a decisive move.

Looking forward to read your opinion about it.

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