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Arthur Hayes sees sub-$50K BTC price as Bitcoin risks 'stark' trend shift

BTC price targets are increasingly looking for a rematch with last month’s lows as Bitcoin chartists highlight formidable resistance levels.

Bitcoin (BTC) set another monthly low on Sept. 8 as analysis warned of the dangers of losing $54,000.

Data from Cointelegraph Markets Pro and TradingView showed a fresh BTC price dip taking BTC/USD to $55,282 on Bitstamp during the Asia session.

Ahead of the week’s key United States unemployment data release, Bitcoin looked precarious as bulls failed to halt a slow bleed toward the six-month lows seen on Aug. 5.

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BTC price targets are increasingly looking for a rematch with last month’s lows as Bitcoin chartists highlight formidable resistance levels.
Bitcoin (BTC) set another monthly low on Sept. 8 as analysis warned of the dangers of losing $54,000.Data from Cointelegraph Markets Pro and TradingView showed a fresh BTC price dip taking BTC/USD to $55,282 on Bitstamp during the Asia session.Ahead of the week’s key United States unemployment data release, Bitcoin looked precarious as bulls failed to halt a slow bleed toward the six-month lows seen on Aug. 5.Read more  

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