Weekend Market Round Up – Bitcoin Price Update

Bitcoin (BTC) Price dips to $45,519.00 on Sunday, 15 August 2021 but still market remains optimistic with bullish sentiment continues since 21 July 2021.

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BTC/USDT -4 Hourly Chart (Binance) – Source TradingView

BTC Technical Analysis:

Bitcoin uptrend continues on this weekend as price rallies towards $50K.

Bitcoins Bulls appears to run out of steam atleast on short term basis after a Major Sell off keeping Price below $50,000.

However, with current market bullish sentiment, it will not be much longer when we can witness the resumption of BTC again probably toward ATH of $65,000.

But battle of breaking a resistance at $50,000 with selling pressure will be first hurdle to Bitcoin Bulls.


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