Last Updated Date: 3 September 2021 @ 6:34 AM (UTC)
*Please note that all the dates are in GMT time zone
Bitcoin price extended its increase above $50,000 before correcting lower against the US Dollar. BTC could find bids near $48,250 and it might start a fresh rally.
BTC even surpassed the $50,000 resistance zone, but it failed to continue higher. A high was formed near $50,364 before the price started a downside correction.
The market is trying to start a short term upturn still for retracements to attack 51420 and 51572 resistance levels. Closes over 49800 and 51420 are bullish. A close under 46573 is bearish and signals for a selloff near 42881.