Bitcoin (BTC) $56,166.66 -1.06%
Ethereum (ETH) $2,369.71 -0.93%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 130.500783 -1.57%
Dogecoin (DOGE) $0.10 0.05%
Cardano (ADA) $0.32 -1.25%
Chainlink (LINK) $9.94 -2.35%
Litecoin (LTC) $65.69 -0.86%
Polygon (MATIC) 0.370356 -2.82%
Helium (HNT) 8.296984 2.24%
Dash (DASH) $23.86 -0.01%
X-CASH (XCASH) 1.0E-6 2.73%

Cryptocurrencies: 22845

Markets: 83121

Market Cap: $1,975,203,902,777

24h Vol: $64,901,144,366

CoinGape

2021-02-17 04:50:13

Bitcoin Price Forecast: BTC hovers above $49,000, eyes glued to levels beyond $50,000

Bitcoin Price Forecast: BTC hovers above $49,000, eyes glued to levels beyond $50,000

Bitcoin renews the push for gains above $50,000 after retesting support at $48,000. The 50 SMA on the 4-hour chart plays a vital role in the push for new record highs. BTC must sustain gains within the ascending channel; otherwise, a breakdown to $40,000 may occur. Bitcoin briefly stepped above $50,000 on most of the The post Bitcoin Price Forecast: BTC hovers above $49,000, eyes glued to levels beyond $50,000 appeared first on Coingape.

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