BTC: Rejected at resistance at 54891 and support at 51200
BTC: Rejected at the resistance at 54891 and the nearest support is at 51200.
51200 looks to be good support and BTC may move lower to 51200 for a bounce .
This bounce may provide enough gas for BTC to move to the next resistance area at 61435
51200 looks to be good support and BTC may move lower to 51200 for a bounce .
This bounce may provide enough gas for BTC to move to the next resistance area at 61435
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a) BTC can fail to bounce at 51200 which then paves the way for a move to 45k .
or
b) ELon Musk sells all his BTC for Dogecoin and BNB token sending the BTC market into bearish mode,