Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Tanimariya on October 13, 2021, 04:43:45 PM
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Upside momentum is slowing, although pullbacks could be limited into Asian trading hours. Bitcoin (BTC) buyers are exiting positions as overbought signals appear on the charts. Resistance is seen at around $58,000-$60,000, the level that preceded a price drop in May. This time, however, pullbacks could be limited toward the $50,00-$52,000 support zone.
BTC was trading at around $55,600 at press time and is down 3% over the past 24 hours. Source Link
(https://www.coindesk.com/markets/2021/10/12/bitcoin-takes-a-breather-could-find-support-at-50k-52k/)