BTCUSD, A further slide?

٢١ نوفمبر ٢٠٢١

Price appears to be vulnerable towards a support at 56K, as the market broke the 58k support and is struggling from rejections within the 58k-60k range, which also acts as a new resistance.

Price could face further bearish pressure towards the 53K level so long as price remains below 60k.

For a bullish recovery, price would require to find support at the 63K level.

Thoughts?