About $BTC

Positive US employment data and slower BTC transfers from Mt. Gox might boost market sentiment. For a recovery, Bitcoin needs to close above $57,300 this week. Additionally, watching the Stochastic RSI, which is currently declining sharply, for signs of slowing and reversing upward can signal a potential recovery.

If Bitcoin fails to hold the $53,500~ 52000 support, we could see it drop below $50,000.