coingape.com
- Bitcoin bounces off support at the 50 SMA as bulls clear the path toward $65,000.
- Massive buy orders will likely be triggered as soon as Bitcoin breaks above $60,000.
Bitcoin has embraced higher support despite the seller congestion at $60,000. Declines have been halted at $56,000, leaving the major support at $54,000 untouched. At the time of writing, BTC is trading slightly under $58,000 amid a renewed bullish momentum.