Hello friends, welcome to this BITCOIN update from Crypto Sanders.
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The daily candle is still at the support level of 58.300k, which is a positive sign for Bitcoin price stability. This support level is important, and staying above it shows that the bulls are still in control.
If we break this support level, we will likely enter the 57k range, which indicates further bearish moves. The 60k support level is a crucial range that traders and investors are closely monitoring.
For now, the 58.300k support remains strong. As long as BTC does not fall below the 58k support on the daily timeframe, a rebound is likely. This means that as long as the price stays above this level, there is a good chance of a bullish recovery.
$58,000 is the main support level.
Current price: $58.888.
If the support breaks, the price could drop to the 57k range.
As long as the $ 58k support is not broken.
Do your own research before investing.
Trade safely.
Remember:-This is not a piece of financial advice. Stay tuned to us for further updates and analysis. Thank you!
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