BTC/USD saw another quick spike to $58,600 in the afternoon.
The closest support around $56,000 is likely to be tested next.
Bitcoin price analysis is bearish today as the $58,300 resistance has rejected further upside for the third time this week. Therefore, we expect BTC/USD to finally see a strong move lower to continue moving along with the overall downtrend.
The closest support around $56,000 is likely to be tested next.
Bitcoin price analysis is bearish today as the $58,300 resistance has rejected further upside for the third time this week. Therefore, we expect BTC/USD to finally see a strong move lower to continue moving along with the overall downtrend.