Despite having positive on-chain metrics, BTC still struggles to muster any bullish traction as bears keep the pressure. The benchmark cryptocurrency currently trades above the critical $56K - $53.7K pivot zone, which until last Friday remained unbroken for six weeks. That said, if bears lack the strength to push the price below the upper limit and towards the $54K zone, we could see a bounce in the coming hours towards $58K. A successful push towards the $58K level should help BTC secure a move to the $60K psychological mark.
Meanwhile, my resistance levels are at $56,700, $57,500, and $58,000, and my key support levels are at $56,000, $55,500, and $55,000.
Total Market Capitalization: $2.52 trillion
Bitcoin Market Capitalization: $1.05 trillion
Bitcoin Dominance: 41.8%
Market Rank: #1
Meanwhile, my resistance levels are at $56,700, $57,500, and $58,000, and my key support levels are at $56,000, $55,500, and $55,000.
Total Market Capitalization: $2.52 trillion
Bitcoin Market Capitalization: $1.05 trillion
Bitcoin Dominance: 41.8%
Market Rank: #1
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.