BTC price dips to test $48K ‘springboard’ for potential new Bitcoin bull run By Cointelegraph

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BTC price dips to test $48K ‘springboard’ for potential new Bitcoin bull run

(BTC) briefly fell below $50,000 to retest support on Friday in a “critical” move for determining bullish continuation.

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

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dropping to lows of $48,350 on Bitstamp overnight before recovering.

BTC/USD annotated 1-day candle chart (Coinbase (NASDAQ:)). Source: Rekt Capital/Twitter
Bitcoin estimated 7-day average hash rate chart. Source: Blockchain.com