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BTC price chart shows Bitcoin can match $49.5K lows within days

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BTC price chart shows Bitcoin can match .5K lows within days
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Source: Coin Telegraph

BTC price action has a habit of “filling” downside wicks within days or weeks, the Bitcoin daily chart shows.

Bitcoin (BTC) risks another trip below $50,000 after a giant daily candle wick spooks analysis.

In his latest X coverage, popular trader CrypNuevo warned that recent BTC price volatility may end up in Bitcoin matching six-month lows.

Bitcoin has managed to bounce more than $5,000 versus its $49,500 bottom seen on Aug. 5.

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Author: William Suberg

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