There is NO doubt in my mind that Bitcoin will hit and break the 50K mark! The only BIG question is WHEN?
Below are two scenarios I put together based on market structure and technical analysis.
Scenario A
Price Rejects current support @ Zone A and pushes up to break flag pattern and resistance for a nice ride on the upside. Waiting for a perfect Buy entry @ Zone B.
Scenario B
Price breaks current support @ Zone A to retest Current trendline to respect and to push up breaking Zone A once again forming a double bottom for a perfect entry for a Buy.
Let me know in the comments below which Scenario you see playing out more.
Below are two scenarios I put together based on market structure and technical analysis.
Scenario A
Price Rejects current support @ Zone A and pushes up to break flag pattern and resistance for a nice ride on the upside. Waiting for a perfect Buy entry @ Zone B.
Scenario B
Price breaks current support @ Zone A to retest Current trendline to respect and to push up breaking Zone A once again forming a double bottom for a perfect entry for a Buy.
Let me know in the comments below which Scenario you see playing out more.