Bitcoin price fails to build $50K support as traders eye lower levels next

Bitcoin price fails to build $50K support as traders eye lower levels next

Time to buy or wait and see? Bitcoin may have further to fall, but long-term price trends are still intact. Bitcoin (BTC) dipped below $50,000 again on Thursday as the fallout from Elon Musk’s criticism continued to resonate.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTraders wait for telltale buy signalsData from Cointelegraph Markets Pro and TradingView confirmed BTC/USD failing to establish $50,000 as support after initially dipping to $45,650.Musk, speaking as CEO of Tesla, had claimed that environmental concerns meant that the company would no longer accept BTC....

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