As i have told yesterday Bitcoin's decline below both the 50-day moving average and the ascending trendline. The 50-day moving average now stands as a resistant barrier. The next potential downward target looms around $50,000. While it's improbable, caution is advised if Bitcoin fails to maintain this level. Conversely, should it hold and rebound, the probability of surging past $85,000 or beyond remains strong. Stay alert for forthcoming updates.
