Bitcoin (BTC/USD) Continues To Pummel $60k - Will More Buyers Pile In?

If BTC/USD fails to break above the triangle there will likely be a good opportunity to bring on a good retracement towards more manageable levels at which point new buyers will likely bring the price back up again. $55,960 is the immediate support level followed by the $55,000 mark. A good level to consider coming into the market as a new buyer would be anywhere between $45,900 and $41,900.

BTC/USD Daily chart

(Click on image to enlarge)


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