The move to the 57-58k region was a sudden move which I believe was mostly a stop loss hunt for the market makers to create liquidity in the market. Around 880m was liquidated in this drop.
BTC seems to be ranging between the 57-59k Region
I believe 57.7k-58.2k is a very strong support and should hold. Hence this should be a buy zone.
We might range here for a couple of days before a move up and there is always the downside next support for BTC lies at 52.5k incase this does not hold
*NOT financial advice.
BTC seems to be ranging between the 57-59k Region
I believe 57.7k-58.2k is a very strong support and should hold. Hence this should be a buy zone.
We might range here for a couple of days before a move up and there is always the downside next support for BTC lies at 52.5k incase this does not hold
*NOT financial advice.