Bitcoin slips back under $50,000 as the pressure keeps up
1 min readIt is a pivotal time for Bitcoin as Elon Musk puts a stop to his crusade
The key line in the sand here is the $47,000 level where the late April lows settle. A break below that puts the spotlight on support close to $44,000 next but it could be a really ugly drop that follows given the technical implications.
In case you missed the overnight news:
