Since March 28, BTC/USD has failed to break the $48,000 resistance level as Bitcoin risks decline to $42K.
Following the rejection at the $48,000 resistance level, BTC price is now in a range-bound move as price fluctuates between $45,400 and $48,000 price levels.
On the upside, a break above $47,200 will catapult Bitcoin to retest the $48,000 resistance level.
According to a report, 2 million Bitcoin are yet to be minted until roughly the year 2140.
It has been a momentous occasion for the Bitcoin community to celebrate the milestone event where 19,000,000th bitcoin has been mined, leaving 2 million more bitcoin to go.
Meanwhile, the BTC price has begun selling pressure as Bitcoin risks decline to $42K.