News

Bitcoin Technical Analysis: $50,000 Support Under Siege as Bearish Trends Persist 

Bitcoin Technical Analysis: $50,000 Support Under Siege as Bearish Trends Persist 



Bitcoin’s price reached a five-month low, dipping to $49,647 at 2:25 a.m. EDT on Monday, Aug. 5. This decline is fueled by growing concerns about an impending recession, with Japan’s Nikkei experiencing its steepest daily drop since ‘Black Monday’ in 1987. Futures for the Dow, Nasdaq, and S&P 500 have also shown signs of correction, […]



Source: https://news.bitcoin.com/bitcoin-technical-analysis-50000-support-under-siege-as-bearish-trends-persist/

Leave a Reply

Your email address will not be published. Required fields are marked *