In the past few days, there was a steady increase in bitcoin price above the $48,000 support zone against the US Dollar. BTC broke the $49,000 and $49,500 resistance levels to move further into a positive zone. Finally, it cleared the $50,000 mark for the first time. A new all-time high was formed near $50,665 before there was a downside correction. The price dipped below the $50,000 and $49,000 levels. However, the bulls were able to protect the $48,000 support zone. A low was formed near $47,900 before the price started a fresh increase. It broke the $49,500 resistance and settled above the 50% Fib retracement ... (full story)