**CRYPTO MARKET UPDATE BY TEAM TENUP**
**Pakistan Time: 05:11 PM**
1: **Bitcoin Support Levels** - $53,000 and $49,000 are strong supports (this means there are buyers here).
2: **Bitcoin Resistance** - $57,000 and $61,500 are strong resistance levels (this means there are sellers here, and Bitcoin will likely be sold).
The market depends on Bitcoin, so we have given you an update. You need to make your own plan based on this update regarding what to do with your funds.
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**Analysis**
BTC has support at $53,000 and $49,000. Resistance is at $57,000 and $61,500. Trade with caution and manage your risk according to these mentioned support and resistance levels.
BTC successfully took support at $53,000, and the daily close was above this level. $53,000 remains a valid support level. If this support breaks, the chances of BTC testing $49,000 increase, so exercise caution when the price action is around this level. $57,000 will act as significant resistance, and if BTC manages to close above this level daily, it will be positive for bullish sentiment.
