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Bitcoin braces for $ 50,000 showdown as futures traders turn ‘modestly bearish’ on BTC By Cointelegraph

Bitcoin braces for $ 50,000 showdown as futures traders turn ‘modestly bearish’ on BTC

(BTC) moved closer to $ 50,000 on August 22, as concerns about a bearish slowdown reappeared at the right time.

1 hour candle chart (Bitstamp). Source: TradingView

Data Cointelegraph Markets Pro and TradingView showed BTC / USD to hit a high of $ 49,830 on Sunday Bitstamp – itself a three-month high.

Bitcoin Funding Rate Table. Source: Bybt
BTC / USD annotated chart. Source: John Wick / Twitter

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