Bitcoin (BTC) began testing new support levels on Monday after an overnight rally paused at $52,000.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Annotator: Bitcoin needs to keep $47,000 to avert "breakdown"

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD challenging $51,000 afterwards breaking through the level for the first time in about 4 months.

In and then doing, the largest cryptocurrency was "likely" testing the staying power of support, which had acted as resistance throughout the summer.

"Strong weekly shut for BTC," trader and analyst Rekt Capital commented on the i-week chart.

"Any dips into orange would probable constitute a retest endeavour of previous resistance into new back up."
BTC/USD 1-week annotated candle chart (Binance). Source: Rekt Uppercase/Twitter

At the fourth dimension of writing, BTC/USD was still above $51,000, preserving the level to hover in a range but beneath its local highs.

Cointelegraph contributing analyst Michaël van de Poppe, meanwhile, highlighted a wider pick of support levels for Bitcoin to hold in order to preserve its momentum.

"$47,000 remains to be the last low, and then that is the one that you should exist staying above if you want to avoid whatever breakdown, but we do come across that we break near $50,000, so the previous resistance hither is the level that you want to sustain," he said as part of comments in his latest YouTube update.

He added that should Bitcoin intermission into a range to a higher place Mon'due south highs, information technology could stay between there and April'south best highs for weeks or even months.

Altcoins come across eerie calm

Altcoins, meanwhile, offered a mixed bag in the face of Bitcoin'south consolidation, with Ether (ETH) and Cardano (ADA) both flat over the by 24 hours.

Related: BTC becomes legal tender in Republic of el salvador: 5 things to watch in Bitcoin this week

The top 10 cryptocurrencies by market capitalization were led by XRP at the time of writing, XRP/USD gaining 6.25% on the solar day.

"As long as $50,000 stays, the altcoins will start breaking out heavily as well," van de Poppe forecast.

An existing high flyer, FTX Token (FTT), preserved fifteen% returns and the newly claimed $70 level.