Bitcoin Price Prediction – Failure to Revisit $48,500 Would Bring sub-$46,000 into Play

After a mixed week for the majors in the week ending 29th August, it’s been a bearish morning for Bitcoin and the broader crypto market.

At the time of writing, Bitcoin, BTC to USD, was down by 2.25% to $47,702.0.

A mixed morning saw Bitcoin rise to an early morning high $48,924.7 before hitting reverse.

Falling short of the first major resistance level at $49,713, Bitcoin slid to a mid-morning low $47,644.0.

Bitcoin fell through the first major support level at $47,823 before briefly…


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