Bitcoin rebounds to $56,000 but resistance looms – ForexLive

Bitcoin with its second spike higher in three days

The ebb and flow of bitcoin is a wild ride. It’s spiked above $56,000 from $54,000 in the past hour. We saw a similar spike earlier this week that was sold hard.

It would be positive if prices could get above that weekly spike, which topped out just shy of $56,500. Beyond that are a series of highs stretching to $57,500 that could pose a technical challenge.

Bitcoin with its second spike higher in three days

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