Bitcoin needs to hold $50K to avoid a $44K bearish BTC price target

Bitcoin (BTC) could jump to $58,000 or dive to $44,000 from its current levels, an analyst warns as $50,000 sees a “very healthy retest.”

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Hedging bets against a “swift downwards move”

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD fluctuating around the $51,000 mark on Tuesday after losing $2,000 in two hours earlier in the day.

Overnight, the pair hit fresh highs of nearly $53,000, coinciding with bullish…


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