It’s a mixed start to the day for the majors. A Bitcoin move back through to $48,500 levels would bring $50,000 into view.
Bitcoin, BTC to USD, slipped by 0.40% on Saturday. Following on from 1.26% decline on Friday, Bitcoin ended the day at $47,177.0. A bullish start to the day saw Bitcoin rise to an early morning intraday high $48,209.0 before hitting reverse. Falling short of the first major resistance level at $48,944, Bitcoin fell to a late morning intraday low $46,255.0. Steering clear of the first major support level at $45,851, Bitcoin revisited $47,300 levels before falling back into the red. The near-term bullish trend remained intact, supported by the Friday’s new swing hi $48,945.0. For the bears, Bitcoin would need to slide through the 62% FIB of $21,169 to form a near-term bearish trend