Home Cryptocurrency News Bitcoin Hovers above $58,600 Support as Price Deepens in the Oversold Region Bitcoin Hovers above $58,600 Support as Price Deepens in the Oversold Region Andrew M Nov 19, 2021 comments off Tweet on Twitter Share on Facebook Google+ Pinterest Bitcoin (BTC) is in a downtrend as the price breaks below the 21-day moving average and Bitcoin dips to a low of $58,625. In addition, the BTC price has fallen above the 50-day moving average.