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Bitcoin clings to $56K as whales keep buying — Watch these BTC price levels
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Bitcoin (BTC) is demanding a “slightly bearish” rethink on price action as old support levels give way overnight.
Data from Cointelegraph Markets Pro and TradingView showed a low of $55,640 on Bitstamp on Nov. 19.
Capitalizing on its lowest levels in over a month, Bitcoin has failed to bounce significantly since — and now price forecasts are beginning to change with it.
In his latest YouTube update, Filbfilb, an analyst at trading platform Decentrader, warned that 50-day and 100-day moving average (DMA) may be all that can aid bulls.
BTC/USD then fell through the first, leaving just the 100DMA at just above $53,000.
“I’m definitely going to go spot long at $53,000 again,” he told viewers, having said that the chances of the 100DMA protecting
Read more on cointelegraph.comAbout this in other media
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Bitcoin tests traders' nerves as analyst reissues $400K BTC price forecast cointelegraph.com /2 years ago
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