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.
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