According to an analyst, the technical level of the asset is being considered currently to be considered for the assets.

 Naeem Aslam Chief Market Analyst at AvaTrade said that price volatility could signal that bulls have lost their power. Investors should keep an eye out for bitcoin’s breaking of its 50-day moving average of $58,000. This could mean that there may be support. He said that if prices explorerloan explorer loan Website explorer loan com remain above this level the possibility of an impressive rally.