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Analysts eye BTC attack on all-time highs
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD giving up $46,000 overnight on Saturday after an earlier failed breakout.

As Cointelegraph reported, bulls had run out of steam during an attack on a major sell wall holding Bitcoin back from $50,000.

The U-turn sparked a more fragile mood for Sunday, with daily losses sitting at 4% at the time of writing.

“This area is to me the major boss and hurdle to climb,” popular Twitter trader Pentoshi warned, adopting a bullish view on higher timeframes.

BTC/USD, he added, had almost completed preparation for a rematch of all-time highs in a zone above resistance at $50,000 and higher.

“I still believe for now it will be a Short term LH on the micro before we go for that upper range.”
Fellow trader, analyst and Cointelegraph contributor Michaël van de Poppe likewise hinted about a longer-term moment of reckoning potentially appearing soon.

“Bitcoin is inside the higher timeframe resistance,” he tweeted Saturday.

“Next week will be the important week, I think.”
Buy and sell levels on major exchange Binance showed the $48,000 sellers are still firmly in place, with support amassing at $45,000 after the modest leg down.

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