Altcoins rally as analyst warns Bitcoin is in the '$50K – $60K twilight zone'
Cointelegraph
Published Apr 22, 2021 03:25PM ET
Updated Apr 22, 2021 05:20PM ET
The price of Bitcoin (BTC) is still stuck in what traders hope will be a short-term downtrend as the impact of the April 18 rumors of a crackdown on “unnamed financial institutions” for facilitating money laundering using cryptocurrencies has yet to be shaken off.
Data from Cointelegraph Markets and TradingView shows that since being pummeled below the $51,000 level on April 18, the price of BTC has been trading in a range between $52,500 and $57,500 and establishing a descending pattern of lower highs and lower lows.
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Written By: Cointelegraph
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