Bitcoin's price continued to increase against the US Dollar, breaking through the $55,000 resistance level. BTC is correcting lower from its recent high of $ 55,800, and it could find bids around $52,500. Bitcoin is currently testing $53,500 as a support level, but it is still trading well above the 100 hourly simple moving average. Near the £50,000 mark, the next big help is found. If bitcoin keeps falling, the £52,800 level is likely to hold.