Bitcoin Finding Support at $54K After Failing to Hold Above $60K: Technical Analysis
Profit taking around $60,000 opens the door to lower support around $54,000, causing a bit of whiplash for bitcoin traders.
Updated Mar 6, 2023 at 3:33 p.m. UTC
![Bitcoin Struggles To Hold $60,000](https://www.coindesk.com/resizer/Pvqk2CYKR_EZiHxMRyONlt7isD4=/567x364/filters:quality(80):format(jpg)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/4NH22JYVZVBP3P5RPGWQQSA56A.png)
Bitcoin (BTC) made a new all-time-high this weekend, but the move was short-lived. The uptrend from January continues to slow, which is probably causing some profit taking. Traders will likely defend lower support.