Bitcoin preserves $51K — Here are the BTC price levels to watch

Bitcoin (BTC) began testing new support levels on Monday after an overnight rally paused at $52,000.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Analyst: Bitcoin needs to keep $47,000 to avoid “breakdown”

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD challenging $51,000 after breaking through the level for the first time in nearly four months.

In so doing, the largest cryptocurrency was “likely” testing the staying power of support, which had acted as…


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