According to one analyst a large technical level is being considered currently to be considered for the assets.

 Chief market analyst of AvaTrade Naem Aslam said the price dip could be a sign that bulls have lost ability to perform. Investors should be watching for if bitcoin falls below its 50-day simple moving average (SMA) of $58,000, which could be a sign of support for prices. If prices paydaysolobest payday solo best Website payday solo best com remain above that limit, it could witness significant gains He said.