Bitcoin Drops Below $56K as Momentum Slows, Support at $53K

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Bitcoin (BTC) sellers were active on Friday, pushing the cryptocurrency toward the bottom of its weeklong price range. Lower support at about $53,000 could stabilize the current pullback.

BTC was trading at around $55,000 at press time and is down about 2% over the past 24 hours.

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Bitcoin Drops Below $56K as Momentum Slows, Support at $53K