The Bitcoin price begins the monthly trade with a huge bearish action as the markets collapse following several external factors. The token slumped heavily forming the bottom below $50,000 that has shaken the entire crypto space. After the bearish start, the price will remain under bearish influence and trade within a descending consolidation throughout the month. If the bulls manage to defend $50,000, then the price may close the monthly trade around $53,000, otherwise may remain consolidated around $48,000
source : coindcx.com
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