BTC touches the $48,000 line in early August without a clear sense of direction; a month has passed, and the rise has finally started.
Although it formed a descending triangle, we are breaking the devaluation line and testing for a $50,000 dropout.
There are various factors behind the rise, but the US ADP employment statistics released yesterday. Monetary easing policy will be prolonged because it is far below market expectations.
US Employment Statistics and Unemployment Rate Announced this weekend; investors around the world are paying attention.
If the employment statistics show weak numbers, it seems that the cryptocurrency market can be expected to rise further overall.
BTC has clearly broken through $48,000, and the uptrend is not over yet.
First, it rises toward the resistance line around $52,800. Expected to be $60,000 in sight.
Keep an eye out for recent changes, including employment statistics this weekend.