The psychological and technical resistance at $50,000 has shown too hard for Bitcoin to conquer as soon as again. The cryptocurrency is presently retracing towards $48K, but a lot of altcoins are completely unfazed and are even charting brand-new highs,
Bitcoin Retracing Towards $48K
Yesterday, BTC’s cost was on its path towards $50K. It peaked at $49,600 and was unable to continue higher. Nevertheless, the picture is rather different today.
At the time of this writing, bitcoin is trading at $48,350, down 1.8% in the previous 24 hours.