Bitcoin price somehow managed to sustain above $47,000 since the early trading hours amidst a couple of pullbacks. The star crypto maintained a descending trend by hovering below $47,500 and also plunged below $47,000 for some time. However, the current price fluctuations are considered a healthy accumulation that could uplift the price above $50,000 very soon.
The flagship crypto has now entered the pivotal support zones just below $47,000 and waiting for a bounce back. However, the possibility of the asset hitting the lower support base close to $46,000 surfaces that may ignite a flip. Despite all these odds, the BTC price still appears pretty bullish, due to smashing $50K before the weekend.
The story is to be updated
Was this writing helpful?
The post appeared first on Coinpedia
