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Thursday

13 May 2021

TA: Bitcoin Trims Gains, Here’s Why The Bulls Could Struggle Near $57K

TA: Bitcoin Trims Gains, Here’s Why The Bulls Could Struggle Near $57K


smart summary beta

It is now trading well below the $57,000 level and the 100 hourly simple moving average.

On the upside, an initial resistance is near the $56,800 level and the 100 hourly simple moving average.

The main resistance is now forming near the $57,000 zone.

The first key support is near the $54,500 level and the recent low.

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