BTC/USD attempts to construct a sturdy foundation for its next round of bullish rise after a brief but timely reversal. On Friday, Bitcoin (BTC) briefly dipped below $50,000 to retest support, a “important” move for assessing whether the bullish trend will continue.
For more bullish momentum, Bitcoin needs to break through the $51K mark.
Bitcoin’s fundamentals have resurfaced as a popular topic.
In other parts of the world, talk was rife about the optimistic underlying metrics that had prevented the last Bitcoin price surge.
The focus on Friday was hash rate, which has nearly offset the impact of the Chinese miner crash in May.
