The euphoric calls for a return of the bull market may have been a bit early especially after (BTC) bulls failed to push the price over the $46,000 level on March 31. Even with the current pullback, analysts continue to expect a lower support retest at the $45,000 level.
Data from Cointelegraph Markets Pro and TradingView shows that today’s attempt to push the price of BTC above $47,500 was soundly rejected by bears which sent the top cryptocurrency plunging to $45,500.
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Read More: Analysts debate Bitcoin’s next step after today’s $45.5K retest By Cointelegraph