BTC bounced nicely From the S/R zone (horizontal yellow line) which is a key level of fib tool - indicating a bounce from one-third of the trend length, and also in confluence with pitchfork p3 sub3 zone (exactly around one-third of the pitchfork lower chamber zone.
Expecting bulls to step in & stimulate price to retest the $49k ~ $50k key level after which we may see an eventual flip of this level given ceteris paribus.
On breakout of the $50k level, expect price to make a decent rally upward to $57k after which we will see $64k and a new ATH.
OBV still look bullish on HTF, so I'm expecting this to play out for the bulls.
Expecting bulls to step in & stimulate price to retest the $49k ~ $50k key level after which we may see an eventual flip of this level given ceteris paribus.
On breakout of the $50k level, expect price to make a decent rally upward to $57k after which we will see $64k and a new ATH.
OBV still look bullish on HTF, so I'm expecting this to play out for the bulls.