Crypto: Bitcoin Price Forecasts Tap Sub-$50k Levels As BTC Copies Old Bear...

Bitcoin bear market history was "repeating," said BTC price analysis after key support failed and realized price flipped to new resistance.

Bitcoin (BTC) gained sub-$50,000 ahead of Sunday’s weekly close as bulls failed to recover from ten-month lows.

BTC price targets stay bearish as Bitcoin bulls lick their wounds at ten-month lows.

CME futures gaps may provide some temporary relief into the new week.

Bitcoin is still following the path from earlier bear markets by losing realized price support, says research.

Data from TradingView showed BTC price action staying below $80,000 after BTC/USD fell more than 6% the day prior.

After losing significant bull market support levels, including the true market mean at $80,700, Bitcoin left many traders bearish on the period ahead.

“$74,400 and $49,180 are the two major downside liquidity targets for this bear market,” X account Cmt_trader forecast.

Trader CryptoBullet drew particular attention to the loss of the 21-week exponential moving average (EMA) — an event that preceded previous bear markets.

$BTC has lost the 21-Month EMA 🥶It’s so over you can’t even imagine pic.twitter.com/UFJnoFZmkv

Source: CoinTelegraph