Following its FUD-induced fall, BTC has found some support at the $54,000 pivot base, as the market witnessed a bearish slowdown on Sunday. That said, the next course of action for the benchmark cryptocurrency remains shrouded in uncertainty. Nonetheless, if BTC continues to prevent a bullish slide below the $54,000 line over the coming hours, we could see an increase in bullish traction towards the $57,000 - $58,000 soon.
Meanwhile, my resistance levels are at $55,000, $55,500, and $56,700, and my key support levels are at $54,000, $53,000, and $52,000.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.