Bitcoin price traded at $50390 with a gain of 1.56% in the last 24-hour and 19.90% down in the weekly time frame. Furthermore, Bitcoin price plunged from the resistance of $64000. In contrast, the market capitalization stands at $930 billion. Technically, investors can perceive a negative crossover in the EMA, and the price is below the 55-EMA. RSI index showcases a downward slope. Moreover, the price movement can breach the support of $50000 in future trading sessions.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.