Bitcoin passes a 'crucial' support test with $50,000 now on the menu next week.
showed BTC/USD circling $46,600 Saturday on the back of a clear bounce at long-term support.
The pair had dipped to lows of around $44,300 Friday, these nonetheless shortlived as positive sentiment took control into the Wall Street open. For Cointelegraph contributor Michaël van de Poppe, with intent to retain newly flipped support confirmed, the odds were on for an attack on $50,000.to Twitter followers on the day.
"If we visit the $45k range again, I think it's a sign of weakness and we'll go $40k area. If we don't, then $50k next week might be likely."PlanB, the analyst behind the popular stock-to-flow based Bitcoin price models, meanwhile noted continued strength in Bitcoin's relative strength index .
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