Bitcoin is currently trading at $48,003 with a market capitalization of $901 billion, down 0.5%. BTC has dropped 4.67% on the weekly chart. Bitcoin has been trading in an interesting range of $46K to $50K for the previous ten days, as it continues to display sideways movement. For the coin, $46,000 level remains a solid 200 DMA. At $50,000, on other hand, there's a lot of opposition. It'll be interesting to observe where BTC makes its first breakout.