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)

 

1 2
View single page >> |

Disclaimer: DailyFX, the free news and research website from IG, is one of the world's leading sources for news and analysis on the ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.