Bearish Momentum Persists as Bitcoin Stabilizes Below Pivot Line: Key Levels and Expected Range
The price has already dropped to the level we previously discussed, and the trend remains bearish. This is confirmed by the daily candle closing below the Pivot line at $56,888, signaling further movement toward the $52,790 support level.
For the trend to shift to bullish, the price would need to stabilize above the $56,890 mark, opening the potential for a move towards $59,950.
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