MMBTtrader

BTCUSD after breaking descending channels, what is next?

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
46K$ support was strong enough for the local pump to 51K$:

and now as we can see price stop pumping near the 200MA resistance zone and we have two possible paths now:
A. correction to 48K support at least. (Red arrow).
B. breaking 200Ma and more pump to 56K$ at least.

Strong supports and resistances ahead are also mentioned on the chart.

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