Breaking news: Bitcoin plunges below $5,000 - Bloodshed galore

John Isige FXStreet

Bitcoin has been trending lower since the opening of the session on Thursday. The entire market is in the red amid growing bearish pressure. The declines come after BTC/USD corrected to highs above $5,400 yesterday. The flash drop below $5,000 seems to have poked the bulls who have pulled the price above $5,040. Support at $5,000 will continue to hold in the coming sessions. However, the upside is still limited below the 50 SMA and the 100 SMA.

Author

John Isige

FXStreet

John Isige is a seasoned cryptocurrency journalist and markets analyst committed to delivering high-quality, actionable insights tailored to traders, investors, and crypto enthusiasts. He enjoys deep dives into emerging Web3 tren

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