Traders and analysts continue to talk up ether and alternative cryptocurrencies as bitcoin struggles to regain the $64,000 record price level attained weeks ago. Bitcoin (BTC) trading around $52,964 as of 21:00 UTC (4 p.m. ET). Slipping 3.6% over the previous 24 hours. BTC below the 10-hour and the 50-hour moving averages on the hourly chart, a bearish signal for market technicians. The price of bitcoin was dropping Thursday, going as low as $52,622 and settling at $52,964 as of press time.