Bitcoin (BTC) gave traders a serious sense of déjà vù on Th after a fresh attack on $50,000 ended in a firm rejection.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Bitcoin optimism wavers

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD falling to local lows of $46,540 on Bitstamp, having passed $49,300 hours before.

The activity continues rangebound behavior, which looks to exist cementing old resistance at $51,000, bears lacking volume and momentum to flip the area to support.

Despite pausing in the mid-$46,000 range, Bitcoin was not enticing many for long positions on the twenty-four hour period, with pop trader Crypto Ed eyeing the potential for another relief rally earlier an even deeper cost dip takes concur.

Others were more optimistic, and among them were contributors to market updates at on-concatenation analytics service CryptoQuant.

In i of the various updates on the mean solar day, one annotator forecast that a BTC cost motion beneath $47,000 would be a "false dip," and the outcome would be a successful crossing of the $50,000 mark.

Buyer support on BTC/USD, meanwhile, was wearing thin on Thursday, with reliable interest on major exchange Binance just in place closer to $41,000.

BTC/USD purchase and sell levels (Binance) as of Aug. 26. Source: Material Indicators/Twitter

Ether nears $3,000 retest

A like picture show held true for major altcoins as Bitcoin ranged.

Related: Ethereum traders expect volatility alee of Fri's $820M options expiry

Out of the top ten cryptocurrencies past marketplace capitalization, none posted meaningful 24-hr gains while as barely moving in any direction.

Ether (ETH) maintained $3,000 support by a thread, while Cardano (ADA) erased more of its weekly returns, yet up 20% over the past seven days.

ETH/USD i-hour candle nautical chart (Bitstamp). Source: TradingView