Bitcoin was under pressure on Wednesday. The current price is at $50,200. Bitcoin's third giant whale once again bought 388 BTC and has bought more than 10,000 BTC since November. The Bank of Thailand: Do not want commercial banks to directly participate in the transaction of encrypted assets. Goldman Sachs CEO Solomon: I do not own Bitcoin and Ethereum.
From a technical perspective, the daily graph bottomed and rebounded then closed by 3 consecutive bullish candles. The indicator was bearish. On H4 graph, bitcoin moved around middle BOLL Band. 49700 was still the short-term support point. Overall, prioritise operation 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 49700.
Resistance：51600-52600-53500
Support：49700-48300-47000
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