Bitcoin Price Holds Ground But Risk of Pullback Keeps Rising
Bitcoin failed to surpass $53,000 resistance, dropping below $52,000. It may dip further to $50,500 support. Immediate resistance is around $51,550, with potential to rise above $52,500. Failure to exceed $52,000 could lead to a decline towards $50,500, possibly dropping to $49,200 if support is breached. Technical indicators show bearish momentum, with support levels at $51,100 and $50,500, and resistance at $51,550, $51,800, and $52,500.
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