Today, Bitcoin is in a downward move since May 10 after its rejection from the high of $59,589. The king coin has fallen to the low of $55,102 at the time of writing. The crypto has lost the $58,000 crucial support level.
The market suggests a turnover, signaling for bear trending selloffs to reach under the 52,950 swing low that will help motivate selloffs. Any corrective recovery action should stay trapped in last week’s range to maintain bear trend signals. However, a close over 60,072 is needed to start a turnaround.