Bitcoin is currently in a bullish channel and have potential to get to 50K in upcoming days if it doesn't break the floor of current channel.
If Bitcoin breaks the current channel in a downtrend direction, it would continue its ascending movement in a lower parallel channel.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.