Attached is my daily update on the BTC price as we do every day.
We had seen another correction yesterday. Are then somewhat consilidated and are now trading again above our psychologically important value of $ 50,000. We also managed to close our daily close above the important 20 daily EMA! Here I had said in the last analysis that is an important level for BTC since the bull run. This should definitely be kept in mind.
Currently, we have now returned to our major uptrend channel. I would like to see a breakout above the yellow line from BTC soon. If we confirm this as support again, that would be another bullish sign for BTC. Definitely keep an eye on this!
Such corrections are completely normal in a bull market. The important thing is that you do not let yourself be influenced by such things:) Stay on the sidelines and wait until a new chart pattern forms again.
Stay healthy!
Your Schueco
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