… the break of the support area of $57,200 opens the doors to possible further declines. The risk is a test dell’area a 51.600$ …
We can see that BTC has dropped and approached the indicated support area, but turned upwards before. It is currently bouncing for four days and is recovering 9.50% from the minimum at $52,546, as can be seen from daily chart.
Bitcoin Short-Term Bounce Towards Resistance
In this graphical scenario, Bitcoin is still in a bearish phase, as in the August rebound it stopped below the resistance at $66,000 and retraced. The fact that it did not break the low below $50,000 is to be considered a good sign.
The short-term rise that Bitcoin is making this week has yet to materialize with the arrival of the resistance in the $59,000 area. Only with the breakout of this level will it be possible to have a confirmation of the strength of the rebound
Toncoin bounces from support
The price of Toncoin (TON) quota 5,32$ and on a weekly basis it is up by 8.60%. However, in September, it is still in the red by 1.80% while from beginning of the year the increase is confirmed a +128%.