Bitcoin needs to hold $50K to avoid a $44K bearish BTC price target
Falling back lower than $49,500 would cause problems, traders say, while any impulse move has the potential to hit $58,000. Bitcoin (BTC) could jump to $58,000 or dive to $44,000 from its current levels, an analyst warns as $50,000 sees a “very healthy retest.”BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewHedging bets against a “swift downwards move”Data from Cointelegraph Markets Pro and TradingView showed BTC/USD fluctuating around the $51,000 mark on Tuesday after losing $2,000 in two hours earlier in the day.Overnight, the pair hit fresh highs of nearly $53,000, coinciding....
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