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BTC Price Consolidation Neared $50K, The Bulls Could Fail Again

The BTC price consolidation neared $50K and it seems that the bulls will fail to hold the $52K level according to the price charts that we can see more in our latest Bitcoin news today. The price extended its drop below the $50,000 support against the US dollar with the price now consolidating losses and remaining at risk for more downsides below $48,000. BTC dropped below the $52K and $50K support levels with the price now trading below the $52K and the 100 simple moving average. There’s a key bearish trend line forming with the resistance near the $52,800 on…

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