Bitcoin continued to rise in early trading on Thursday, reaching a peak of $58,505 and current price is at $57,800. The United States has accounted for 35% of Bitcoin's total computing power, replacing China as the country with the highest proportion of Bitcoin's computing power. G7: Support the principle of issuing central bank digital currency. The City of Miami is exploring the use of Bitcoin to pay employees' salaries. Goldman Sachs: The Fed is expected to officially announce the reduction of debt purchases at the FOMC meeting in November.
From a technical perspective, the daily graph closed bullish. In early trading, bitcoin broke a new short-term high. The market sentiment showed bullish trend, indicators showed bullish sign. On H4 graph, bitcoin went up and broke the fluctuation zone. MA formed Golden Cross. RSI reversed and strengthened. Overall, prioritise Buy within the fluctuation zone. The chart below is showing the key point and the estimated trend, the deciding point whether to buy or sell is near 56900.
Resistance：58600-59600-60000
Support：56900-55800-54000
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