Bitcoin’s 60 percent rally since its July lows may be fading | Business and Economy News

The largest cryptocurrency fell as much as 4.9 percent Thursday to $46,322.

Bitcoin’s burst above the $50,000 level didn’t last long, and chart patterns signal its rally since July is at risk of fading.

The largest cryptocurrency fell as much as 4.9% Thursday to $46,322, with other tokens including Ether retreating along with the Bloomberg Galaxy Crypto Index. The drop pared Bitcoin’s rally from a July 20 low to about 60%.

Bitcoin was trading at $47,342 as…