Bitcoin takes back $ 50K, a key level for a rebirth of the bull

Bitcoin takes back $ 50K, a key level for a rebirth of the bull

Bitcoin once more crossed above $ 50,000, possibly marking the end of the recent price pullback and a resumption of the broader uptrend.

According to CoinDesk 20 data.

“The correction appears to have ended with a move above $ 50,000,” John Ng Pangilinan, managing partner of Singapore-based Signum Capital, told CoinDesk. Securing a foot above that level is key to picking up the wider uptrend and moving to new record highs, he said.

Related: Iran Should Exploit Crypto To Bypass Sanctions, Says …

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