Bitcoin Price Renews Bid For $50,000 After Nearly $5 Billion Exchange Outflows

Bitcoin Price Renews Bid For $50,000 After Nearly $5 Billion Exchange Outflows Trading Techniques Bitcoin price regains ground above $47,000 after testing $44,000 crucial support mid-week. Roughly 111,000 BTC withdrawn from known exchange wallets, creating a perfect environment for Bitcoin to swing higher. Bitcoin has scared investors this week as it descended to $44,000. Earlier, the flagship cryptocurrency bounced off support at $45,000 and closed the gap to $48,000. However, bulls ran out of steam, challenging the run-up to $50,000. A correction from this failed attempted gradually slid to $44,000 by Thursday.