#Bitcoin❗ is currently experiencing a #downward trend and has been unable to maintain the $56,500 support level. There is a lot market panic due to the #MtGox distribution and the sale by the #Germany Government. We may observe some sideways movement shortly, and we will have to wait and see how the market responds.
Major Weekly Support Area: $52,000-$53,500
Resistance Area: $56,500-$57,000
