#BTC/USD Update

#BTC/USDT Update

#BITCOIN is still moving its support zone 56000$ / 58500$ after bouncing around the 55000$ level but without managing to make a new high this time.

We failed many times to break the 60000$ area for New A.T.H as we can see on the Daily Frame chart. Bitcoin has to stay upper the price of 55000$ (Crucial level: 56700$ ) to keep targeting +62000$ by breaking a possible head and shoulders pattern. If BTC breaks the 55000$ support area, 53000$ / 50000$ will be our next fall targets.

Technically, we became negative for now and we closed the daily frame at 55900$. On a 4H frame, the technical indicators are neutral.