BTC rests above $47k support as fear sets in needs to break important trendline.
Bitcoin price analysis remains bearish for today, with no signs of recovery
The nearest price resistance remains untattered at $50,800 USD
The price support at $47,000 holds as BTC tests the support for the 6th time
Bitcoin price analysis remains bearish for today as the king of cryptocurrencies is unable to break the important resistance level above $50,800. The prices fell down below this level on Dec 4, and since then, bulls have tested this resistance multiple times, only to end up near the support levels.
The data from CoinMarketCap shows that the world’s biggest cryptocurrency isn’t bullish at all. The market cap of the token dropped by another 2.23% as BTC finally dropped below the market cap of $900 million.
Bitcoin price analysis remains bearish for today, with no signs of recovery
The nearest price resistance remains untattered at $50,800 USD
The price support at $47,000 holds as BTC tests the support for the 6th time
Bitcoin price analysis remains bearish for today as the king of cryptocurrencies is unable to break the important resistance level above $50,800. The prices fell down below this level on Dec 4, and since then, bulls have tested this resistance multiple times, only to end up near the support levels.
The data from CoinMarketCap shows that the world’s biggest cryptocurrency isn’t bullish at all. The market cap of the token dropped by another 2.23% as BTC finally dropped below the market cap of $900 million.