On Thursday, Bitcoin skyrocketed and fell below $60,000. The current price is at $59,700. BTC trading volume reached a record high. Fidelity was approved to become Canada's first Bitcoin custodian. Kyrgyzstan closed a crypto mining farm with 2500 mining machines.
From a technical perspective, the daily graph fell and was supported by lower BOLL Band. All indicators show bearish signs. On H4 graph, bitcoin fluctuated within the previous rectangular interval. MA were close together at the low position. MACD maintained bearish trend. The indicators were under pressure. Overall, prioritise Sell on the high position. The chart below is showing the key point and the estimated trend, the deciding point whether to buy or sell is near 61000.
Resistance：61000-61500-62700
Support：58600-57500-56000
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