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

 Chief market analyst of www.lifestyleallabout.com lifestyleallabout lifestyle all about Website lifestyle all about com AvaTrade Naem A. Aslam has said that price volatility could mean that bulls have lost their strength. Investors should be watching for bitcoin’s price breaking below its 50-day moving average of $58,000. This could mean that there could be a possibility of support. He also said that if the prices continue to rise above this mark the possibility of an important rally.