Cryptorphic

#BTC Couldn't break $50k. Is the momentum fading already?

Long
Cryptorphic Updated   
BYBIT:BTCUSD   None
Welcome to this quick Update, everyone.
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On weekends volume is low. BTC reached $49.8k but couldn't breach the 50k mark.
What's really interesting is the price is holding the 48k level.
As long as this level holds a rally towards 51k is highly likely.
I expect 2 scenarios here to play out till Monday.
I have shown in the chart.
Once we hit that 51k mark a correction is likely.
My thought is if BTC hits that level by tomorrow better close your long positions and expect a bloody Monday.


Please observe.
What's your thought on this?

Do you think BTC will start its correction from here?

Do hit the like button if you like this update and share your views in the comment section.

Thank you




Trade active:

Following the path so far.
21 MA is the only savior here.
Once we close below this level expect 44k to 47k level to be tested.
Avoid margin trading.
And start accumulating your favourite altcoins or the ones I will be recommending this week on spot.

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