Btc Update
BTC held the .786 fib retracement as support which is a good sign
However, the price is currently rejecting off that trendline… still waiting for a daily close above that level
Bitcoin Retracing Towards $48K
Yesterday, BTC’s price was on its path towards $50K. It peaked at $49,600 and was unable to continue higher. However, the picture is rather different today.
At the time of this writing, bitcoin is trading at $48,350, down 1.8% in the past 24 hours.
So far, the $48K level seems to be holding. It’s also worth noting that the total market capitalization hasn’t decreased that much. It’s down some $5 billion in the past day, which signifies that altcoins are making up for the difference.