Bitcoin dropped signficnatly on May 12th after Elon Musk announced Tesla will no longer be accepting Bitcoin as payment. On top of this, Bitcoin has under a selling pressure since it's all-time high in April.
Now that we're back below 50,000. At this level, Bitcoin become much more attractive, especially for those who missed the wave last year. Nevertheless, keep an eye out for a potential continued sell-off. The 43,000 and 40,000 are critical level to keep an eye on.
Now that we're back below 50,000. At this level, Bitcoin become much more attractive, especially for those who missed the wave last year. Nevertheless, keep an eye out for a potential continued sell-off. The 43,000 and 40,000 are critical level to keep an eye on.