Bitcoin bulls are defending the $56,552 level, but BTC will need to trade above $64,500 to signal a comeback.
) has been consolidating inside a large range between $56,552 and $73,777 for several months, indicating buying near its support and selling close to the resistance. Generally, when the price spends a long time in consolidation, it needs a solid trigger to push the price above or below the range.. However, that did not work out as lower levels attracted buyers who defended the support and are trying to start a recovery.
Contrary to this assumption, if the price rises and breaks above the moving averages, it will suggest that the bears are losing their grip. The pair may then rally to the overhead resistance at $635.The bears will try to halt the relief rally at the 20-day EMA . If the price turns down sharply from this level, the SOL/USDT pair could tumble to the crucial support at $116.
Contrarily, if the price turns down sharply and breaks below $0.12, it will suggest that bears are in command. That could start a downward move toward $0.10, where the bulls will again try to arrest the decline.Toncoin has been trading between the 50-day SMA and the overhead resistance of $7.67 for the past few days. This suggests that the bulls are not ceding ground to the bears and have kept up the buying pressure.
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