With Bitcoin Over $50K, $48K is New Support Level
Bitcoin is currently over $50K and at $51911 – with that being said, is $48K the new $35K for support?
‘Insane’ Bitcoin price consolidation means $48K is the new BTC support level
“Bitcoin (BTC) has seen ‘unreal’ price consolidation since the start of February 2021 — and fundamental support is now at $48,000.
According to on-chain monitoring resource Glassnode, the second month of the year has been a formative period for Bitcoin like no other.”