Losing $4K in 24 Hours, Can BTC Hold the Critical Support Area?

Losing $4K in 24 Hours, Can BTC Hold the Critical Support Area?

From cryptopotato.com

Bitcoin fell by a sharp 4% so far today as it dropped as low as $55,600. The cryptocurrency had started the month with another attempt to breach the $60,000 benchmark level. Unfortunately, it was unable to overcome this resistance through the week as it set a range between $60,000 and $57,000. Today’s price drop caused bitcoin to break beneath this range as mentioned above. As of writing these lines, and as seen on the following 4-hour chart, it is currently holding the critical support around $56,200 – $56,100, provided by a short-term .382 Fib and a 4-HR 200 moving average line. BTC Price Support and Resistance ... (full story)

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