Bitcoin Rises to $ 50,000 After Weekend Consolidation: Analysis

Bitcoin rebounded to $ 50,000 after price consolidation over the weekend, with gains after the flash crash in early December, as we could see more on our latest Bitcoin news today.

Bitcoin rebounded to $ 50,000 around noon on Sunday after rising to $ 40,000 for a week. As of early October, the bulk of Bitcoin has been above $ 50,000 as a sign of the ongoing bull market, but Bitcoin’s rapid collapse due to significant leverage trading has surprised some. People and even $ 1.79 billion in BTC were liquidated in an hour, bringing its value to $ 47,000 on Friday. Bitcoin analyst CryptoValerio saw a pattern in the recent volatility of the cryptocurrency and compared the BTC price structure to that of 2020. Its charts show that the price pattern of Bitcoin has changed. Written by:

“You will understand how emotions affect a large part of an investor’s trading decision making. Because this always leads to the same market patterns and structures. This allows us to compare them and draw conclusions about the likelihood that they will repeat themselves. “

https://twitter.com/WClementeIII/status/1470035425523904513?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener

Bitcoin largely rebounded to $ 50,000 and was viewed as bullish news, but it couldn’t break any hesitation about further decline or continued price stagnation.

For online analyst Will Clemente and analyst Pentoshi, BTC needs to break through $ 52,000 to allow for another rally.

Bitcoin consolidation continues as the asset still cannot break the $ 50,000 price and the rest of the other altcoins are economically unstable, with Terra and Cardano being the exceptions. Cardano is up 6% while LUNA is up a similar percentage. The main cryptocurrency has shown increased volatility in the past few days as it tries to break above $ 50,000 a few times, but every time it tries to move it encounters a significant retracement due to the volatility of the bears.

https://twitter.com/CryptoValerio/status/1463637535268167685?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener
The final example came on Friday after it was reported that the United States hit the highest rate of inflation in about 40 years. On the flip side, BTC has just hit $ 50,000 and fell instantly. As a result, BTC traded below $ 47,000 for the third time in a week, but rebounded pretty well yesterday when it started another surge towards $ 50,000 a few hours ago. Currently, the cryptocurrency is unbreakable at over $ 49,000 and its market capitalization is just under $ 950 billion. and if you want to check the real-time value of BTC you should take a look at the bitcoin price calculator.