Bitcoin has broken through its initial weekly support with ease and is now resting on the main weekly support. It's important to note that there is a final support level at 58,700, which may be easily tested if the 61,300 level is breached. Thus, 61,300 is the key support level to prevent further declines. This support is considered on a monthly basis.
It's highly probable that we will first see a move back to the 65,500 resistance. If rejected there, Bitcoin may continue towards completing the monthly correction.
Main Support: 61,300
Current Resistance: 66,600
