This week we expect more climbs though there are so many uncertainties towards this expectation.
The sellers seem to be touching at $58,000 letting the price to plunge to $50,133. Yesterday, bitcoin price dropped below $49,000 and then got a push back by the buyers back to $53,000.
The MACD has crossed to the oversold region, but we are yet to confirm if it’s a complete reversal of the trend or just a little pullback.
It’s necessary we wait to see how the market will trend next with a MACD cross or the break of the present support at $50,767.
Looking at the technical indicators:
- Major Support Level – $50,767