This week started with much anticipation for Bitcoin price analysts such as myself with high hopes that we are going to see a 50k Bitcoin price at the end of the week, we saw how Bitcoin price reached above $46k during this week before correcting down to $44k at the moment and the weekend is almost here.
What are your Bitcoin price predictions are we going to enter the weekend in green and what is your price prediction this weekend.
You are absolutely right that Bitcoin is facing tough resistance to reach 50K, it has been rejected many times at 48k and today trading even below 46K. I am not very optimistic now becuase it has made 4 consecutive Red candles on Day chart but still above 50 weekly Moving average. I think it has to break 48K before it reaches 50K or bears will take the charge and push it down to 44k which is next support.