Bitcoin Defends Psychological Support Line After Price Dip to $4,900

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View Bitcoin dropped to a low of $4,900 on Coinbase after a continued sell-off was seen from its April 11 breakdown. BTC has since moved back above $5,000 and is tentatively holding that line. Prices remain bullishly above the 200-daily moving average at $4,548, but would flip to short-term bearish with a strong close below $5,000. The 6-hour candle has closed below a key resistance line at $5,050 and will need to be scaled before the end of today’s trading session.

Bitcoin dipped to a low of around $4,900 earlier today (according to Coinbase prices), but has since fought its way back above the $5,000 psychological support line.

Thursday’s trading closed slightly up, after bitcoin back-tested support at $4,994 as a

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