Bitcoin price formed a base above the $45,000 level. As a result, BTC started a fresh increase above the $48,000 and $45,000 resistance levels. The price gained pace for a move above the $50,000 level and the 55 simple moving average (4-hours). There was also a close above the $52,000 level and the 55 simple moving average (4-hours). The price traded as high as $57,833 before it started a downside correction.There was a break below the $56,000 level. Bitcoin declined below the 23.6% Fib retracement level of the upward move from the $46,916 swing low to $57,833 high. An immediate support on the downside is near the ... (full story)