We are moving along an ascending channel and have now broken through the important resistance level of 45.000
Our goal is to reach a test of the historical maximum in the range of $60-64k
Locally on the daily timeframe we see a confident consolidation above the resistance level of $45.000
The optimal development for a long trend is to consolidate here and possibly get stuck for some time in this range above $45k range $45-50k. It is also important to close the weekly timeframe above $45,000; in this case, there is a high probability that growth will soon continue to the area of $60,000
If the price cannot stay above 45k then locally the support level is at 40k and the level of 40,000 is dangerous if we break below 40k then we will break the growing trend and this is not good
For now I'm waiting for a stop in the range of 45-50 and working inside the day Long positions in this range with a small profit
Our goal is to reach a test of the historical maximum in the range of $60-64k
Locally on the daily timeframe we see a confident consolidation above the resistance level of $45.000
The optimal development for a long trend is to consolidate here and possibly get stuck for some time in this range above $45k range $45-50k. It is also important to close the weekly timeframe above $45,000; in this case, there is a high probability that growth will soon continue to the area of $60,000
If the price cannot stay above 45k then locally the support level is at 40k and the level of 40,000 is dangerous if we break below 40k then we will break the growing trend and this is not good
For now I'm waiting for a stop in the range of 45-50 and working inside the day Long positions in this range with a small profit
