FX.co ★ teagan.orn | #Bitcoin chart analysis

The #Bitcoin price has formed a significant bearish candle on the weekly chart, since we saw a drop from the 65,000 level down to 58,000. However, it still hasn’t managed to close below the round-number support at 60,000. The bulls are actively defending this support. In any case, the bias for a continued decline remains, and the next trading week may give us a new bearish candle toward the next round-number support at 55,000. The 50,000–55,000 area looks extremely solid. I think a significant growth wave will start forming there, unless of course a black swan appears on the market and pushes the market significantly lower.