@neptunoraymundo
“Bitcoin needs to remain above this $57.7K level, however if it were to break down, it really, ultimately would need to hold this $56K level, if we were to lose this $56K level that would be a lower low,” Hyland explained.
However, some traders believe Bitcoin BTC tickers down $59,121 needs to go much lower, before resuming its uptrend.
Markus Thielen, head of Research at 10x Research, recently suggested market participants to wait for Bitcoin's price to "fall into the low $40,000s" to ideally time their entry into the bull market.
At the time of publication, Bitcoin is trading at $59,218, bouncing back from a dip to $57,925 earlier in the past 24 hours, according to CoinMarketCap data.
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