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After touching the daily high of $58,065, the Bitcoin price begins a downside correction after rallying to a new lifetime high of $58,065.
As the daily chart reveals, Bitcoin is trading near the resistance level of $55,000 as the recovery comes slowly.
After plummeting from $46,000 to $43,000, the Bitcoin price now manages to hold onto the critical support level of $46,000 once again.
BTC/USD Long-term Trend: Bullish (Daily Chart)
Since yesterday, Bitcoin (BTC) tried to break above the $50,000 mark but with no success.