Bitcoin traders are eyeing these price levels as BTC rebounds from weekend crash Bitcoin is recovering, and traders are pinpointing $57,000 and $60,300 as the key short-term price levels to watch. 26313 Total views Market Analysis
The price of Bitcoin (BTC) is recovering after a strong sell-off during the weekend caused by cascading liquidations in the futures market.
BTC/USDT 15-minute price chart (Binance). Source: TradingView.com
Traders are pinpointing three levels as the critical price areas to watch in the short term: $51,200 as the major support, $60,300 as the important resistance, and $57,000 as the near term area of interest for sellers.
It is critical for Bitcoin to reclaim $57,000
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millennials
Stocks in focus: Reliance Industries, Antony Waste Handling, Jubilant FoodWorks, IDBI Bank FE Online © Provided by The Financial Express Dalal Street enters the new year on the back of a record-breaking gaining streak with Nifty 50 just having achieved 14,000 levels in the previous trading session.
The first trading session of 2021 could start on a flat note with a positive bias as Nifty futures on the Singapore Exchange were trading flat on Friday morning. Dalal Street enters the new year on the back of a record-breaking gaining streak with Nifty 50 just having achieved 14,000 levels in the previous trading session. The short term trend remains up, but is looking tired. Markets could therefore consolidate in a range for the next few sessions. Short term supports to watch for a trend reversal are at 13864, said Subash Gangadharan, Technical and Derivative Analyst, HDFC Securities.