On Wednesday, BTC fell short-term and broke level $48,000, reaching the lowest point of $47,590. The computing power of Bitcoin's entire network is 126.01EH/s, and the difficulty is 15.56 T. Survey: 65.8% of European investors hold crypto assets in their portfolios. The popularity of crypto assets ranks third, surpassing gold, and second only to P2P investments and stocks. Statistics: Sub-Saharan African countries have ranked first in the world in terms of Bitcoin P2P transaction volume.
From a technical perspective, Bitcoin's daily candle closed bearish, but the indicators are relatively bullish. On H4 graph, the candle weakened and broke through the middle BOLL, forming a Head and Shoulder patter. MACD volume indicator shrunk. MA formed Death Cross on the high position. Overall, prioritise Sell on high position within the fluctuation zone. The chart below is showing the key point and the estimated trend, the deciding point whether to buy or sell is near 48000.
Resistance：48800-49800-50500
Support：46800-45700-45000
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