As investors grow wary after the recent surge in digital tokens, cryptocurrency prices fluctuated on Monday. At the time of publication, only one out of the top ten cryptocurrencies was trading up.
Bitcoin (BTC) is currently trading close to the psychologically significant threshold of $50,000. Using the daily charts, if BTC breaks over $50,000, traders will find the next major resistance at $61,000 on the daily charts. However, the first level of support goes down to $45,000, and the second level of support appears to be at $41,000.
Currently, the worlds flagship digital asset is trading at $47,929, down 1.51% in the last 24 hours and down 4.45% in the last seven days, according to CoinMarketCap.com