BTC/USDPrices of Bitcoin dropped last week, wiping out gains from the previous three weeks. It crossed over its three-month high of $52,900 and fell to $43,000 within a week. Traders find Bitcoin's price to be volatile, which makes it interesting to trade. It broke down the rising trend channel on a daily basis. Support could be found near the 61.8% retracement level around $41,880, followed by the weekly 20 MA near $40,900 in the coming week. While on the higher side, it might face resistance near to $48,000 followed by a key level of $50,000 for any upside momentum.
