Bitcoin Market Update -

530am ET

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The range that we have been watching on Bitcoin over the past few days continues to be important. Yesterday saw a breakdown from the $51.8k support. Notice how after the 4 hour closed below, the next candle confirmed it as new resistance.

The 3 recent 4 hour candles have all rejected from $51.8k. The first step for continuation is to accept back above this, but for better confidence we want to see the downtrend resistance at $52k flipped too.