Stephane_ZH

Bitcoin / USD - Reaching $50'000 today?

Long
BINANCE:BTCUSD   Bitcoin / U.S. Dollar
The price is in an uptrend for the past 3 days (since Sept. 13) and broke to the upside the descending channel it was in.

NOW

For the past few hours, the price of Bitcoin has touched several times and struggle to break the resistance at $48750. This resistance is materialized by the SSB (Leading Span B) and Kijun on the 4H timeframe.

Entry signal for a long and targets

If we close on the 1H timeframe above $48750, our first target will be $49185, and the second target $49900.

What do you think?