Bitcoin does not appear to have found a bottom yet and at the moment there is an inside bar forming on the daily chart.
Bitcoin needs to break above the closest resistance at $5,712 then $5,760 in order to trade above the 5 and 10-MA. There was a soft support at 5,590. traders might wait before popping in for a presumed bull break as the 4-hr resistances have not been tested since the big drop.
