Here’s why bulls aren’t buying the Bitcoin price dip to $50,000
Cointelegraph
Published Apr 22, 2021 05:22PM ET
Updated Apr 22, 2021 07:00PM ET
Bitcoin (BTC) has been bouncing at the $51,000 support for the past 44 days. Typically, this would be interpreted as a positive occurrence, especially considering that the $50,000 level represents a 75% advance in 2021.
However, cryptocurrency investors are typically short-term-focused and always overly optimistic. Thus, the current narrative for Bitcoin is slowly turning bearish but aside from sentiment, what story are the fundamentals telling?
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Written By: Cointelegraph
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