Bitcoin Adds to Bear Market Worries as $49K Becomes a Target

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

Key points:

• 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.

BTC price: “So far, history is repeating”

Data from TradingView showed BTC price action staying below $80,000 after…