Bitcoin faced another selloff and has found support in the mid $50K's as it did over the weekend with the massive selloff. We have found support just above $52.8K, a level we have alerted you yesterday. We appear to be getting good support here, and there is currently a brief attempt at a rally back to $55.7K. There is a cluster of levels here starting at $52.8K, including $54.3K, $55.7K, $56.8K, and $57.7K. BTC is likely to range between these levels. If it breaks through the upper bound at $57.7K, $59.4K is our next target.
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