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.