This current price level on bitcoin I believe is more prevalent than people may think.
The reason I say this is because if it doesn't hold this level then 53K is on the table as the next down side, which gives back half the move and puts the 44-42K area as the next clear support.
This would basically create a rounded top that gave back most of the move from the fall.
Just like we had in the winter/spring of this year. We shall see what happens, but price remaining about 59K for the rest of the year would probably negate this possibility.
Here is the video diving into this...
BTC Testing 59K Support
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