Bitcoin price dips are being ‘bought up strongly,’ but a $50K close remains key

Bitcoin price dips are being ‘bought up strongly,’ but a $50K close remains key

Analysts identify the key levels BTC needs to hold in order to see continuation above $50,000. Bulls flexed their muscles on Oct. 4 and proof of this came as Bitcoin’s (BTC) price rallied within $500 of the $50,000 mark. This move toward the key psychological resistance helped to pull the Crypto Fear & Greed Index out of the "fear" zone and into the "neutral' state on Oct. 4. Crypto Fear & Greed Index. Source: AlternativeThe price action for the top crypto has seen increased volatility in recent weeks as countries like China have increased their crackdown on cryptocurrencies, a move which....


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