Bitcoin mighty fall has begun. Bitcoin price touched $48,000. If you are not trading smart, then you are very wrong. Now we must be careful of the downtrend as more fall is imminent. The next touch should be $46,000. Is it wise to trade bitcoin now? Yes but short-term trades. Bitcoin price is retesting the $56,200 level again and this time it might drop lower. The MACD should lower soon as volatility towards the uptrend is dropping.
Looking at the technical indicators:
Major Support Level– $53,722
Major Resistance Level– $56,236
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