Bitcoin Price Retreats from $50K! More Downside Imminent for BTC Price
![Bitcoin Price Retreats from $50K! More Downside Imminent for BTC Price](https://cryptoinvestment.at/wp-content/uploads/2021/08/bitcoin-price-retreats-from-50k-more-downside-imminent-for-btc-price.webp)
The post Bitcoin Price Retreats from $50K! More Downside Imminent for BTC Price appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide
Bitcoin price broke above $50000 for the first time since May on Monday. However, its recovery from a months-long fall stalled. After a brief consolidation of around $48K. Yesterday, BTC rallied as high as $50321. Recording an 82% recovery since hitting a yearly low of $27700. However, the token failed to keep up the bull …