BTC has flipped longer term resistance back into support and we are pushing up towards that 50K level , i think we are going to see a push upto here but it is pretty heavy resistance so i wouldn't be surprised if we saw a bounce that turns into a pullback, as you can see in my drawing i think we are going to touch 50K but then come down to the green support we just flipped, afterwards i think this level will hold and we will go back to attempt to break the 0.2 FIB/50K and i think we will have the momentum to do so, what is key is that we have that restest of 50K and hold it, we cant shoot right through without retesting this level to build up support. Looking at the bollinger bands we are getting back to almost riding the top band which is key for igniting a big run as we have seen in the past, remember too the midline on the BB's acts as support if we are above it and i think when we see that push to 50K that midline support will line up around the green longer term support drew. The MACD still has some gas left as we continue to push upwards with the Blue MA separating slightly from the orange, this is apart of the reason i think we still got room to climb to the 50K level, before then most likely seeing a bearish cross. The Wave trend aswell i think has some gas left in the tank after we just reached the top of the zone, we don't always see an immediate fall after we reach the top, i mean just look at ETH our WT has been in the top zone for like a week now lol. We are still pushing upwards and could see one final push upto 50K before then coming back down on the pullback, resetting our indicators ideally and to get ready for that next run up! Not financial advice just my opinion!
