Bitcoin price settled below the USD 50,000 pivot level. BTC could extend losses below USD 47,200 if it stays below USD 50,000. It is currently (11:54 UTC) showing bearish signs below USD 48,900, and only a close above USD 52,000 might start a steady increase.
Similarly, most major altcoins could extend losses. ETH could accelerate unless it breaks the USD 3,880 support. XRP might find support near USD 0.750. ADA is also moving lower towards an important support at USD 1.20.
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In the past few days, bitcoin price extended decline below USD 50,000. BTC even spiked below USD 48,500 and it seems like the bears are in action. If there is a clear break below USD 47,200, there could be a sharper decline. The next major
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