TA: Bitcoin Steadies Above $50K, Why BTC Could Recover To $55K

Bitcoin price extended its decline and traded close to $50,000 against the US Dollar. BTC is now consolidating losses and it is likely to start a recovery towards $55,000. Bitcoin extended its decline below $52,500 and $51,200 support levels. The price is now trading well below $55,000 and the 100 hourly simple moving average. There … Read moreTA: Bitcoin Steadies Above $50K, Why BTC Could Recover To $55K

TA: Bitcoin Breaks $53K, Why BTC Could Soon Revisit $50K

Bitcoin price attempted a recovery above $56,000 against the US Dollar, but it struggled above $57,000. BTC trimmed gains and it even broke the $53,200 support zone. Bitcoin extended its decline below $53,200 and $53,000 support levels. The price is now trading well below $54,000 and the 100 hourly simple moving average. There was a … Read moreTA: Bitcoin Breaks $53K, Why BTC Could Soon Revisit $50K