Price action takes a breather in the digital currency
The price of bitcoin is currently trading down around $-880.02 to $51,522. The high for the day reached $52,545.95. The low reached $50,889.43.
Yesterday the price reached above $50,000 and stayed above that level. That is still key for the short-term traders.
Looking at the hourly chart, a upward sloping trendline cuts across at $50,029 currently (and moving higher). That increases the areas importance (see green numbered circles).