The last 24 hours were quite eventful for Bitcoin. The cryptocurrency managed to briefly touch $50,000 but then dropped to the $45,000 support, raising hell. It’s changing hands at around $47,000 at the moment of writing. The chart suggests that we are still far from any kind of upwards movement. The recent local lows are a sign that we have a lot more market dumps to struggle through.
Ethereum has left the triangle pattern and is following BTC’s lead. The $4,000 support was of no help; the cryptocurrency is trading around $3,700 at the moment of writing.
Read more
