The last callback!
Bitcoin plunged to $50,812 after rising as high as $53,019. This is part of the halving cycle and is expected to be the last pre-halving retracement before entering a post-halving parabolic uptrend.
Generally, major moves by traders with small and medium-sized funds are often signals of profit-taking and buying on dips.
$53,000 is a significant resistance level for Bitcoin on the upside, and this price area marks the top of the previous market cycle on the weekly ICHIMOKU COULD, a momentum and trend indicator
The current financing interest rate of Bitcoin is very high, which is expected to lead to an adjustment in the market. This stage is an opportunity to buy on dips.
