Bitcoin Price Prediction: BTC draws closer to $50,000 as breakout to $60,000 lingers

Bitcoin is on the path to breaking above $50,000 as technical remains bullish. The uptrend is likely to be validated by the MACD on the 4-hour chart. Failure to break the ascending channel’s middle resistance could see BTC drop to $46,000. Bitcoin is trading slightly above $49,000 after recovery from the recent dip to $46,000.

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Author: toutiao