Bitcoin traders worry as BTC price remains pinned below $50K

Bitcoin traders worry as BTC price remains pinned below $50K

The price of Bitcoin remains stuck in a downtrend after failing to close above $50,000. The price of Bitcoin (BTC) has failed to break above the psychological $50,000 resistance going into the weekend and has dropped below the $48,000 level on March 6. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingviewNow traders are watching whether BTC/USD can break above the $50,000 level to resume the bull cycle. Conversely, a drop below the recent lows below $46,000 will likely open the door to new lower lows, which may then pose a threat to the bull run that has been in place for almost a....


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