Bitcoin is up 6.5% in two days. On the chart, you can see how clearly the price has come from the bottom to the top. Tested as resistance. And is now at $49,800. There could be two possible developments at this point. The first one is that the price will continue to push up to the upper consolidation boundary, breaking through and retesting at $50,460. Further growth to the area marked above. The second option - the price will correct to the lower boundary of consolidation and from there upwards.
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P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
@Yuriy_Bishko, little over the .618 and trend change :-)
let's see how it works out for the next 4 weeks.
luckyBeer18348
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Sorry but first time i will not agree with you here yes it can bounce till 51 52 but selling pressure is too high in uper regions. Also 46 is not a support anymore if it drops below 48 we will see 44 soon.
looking at the 1D on BTC it has a very similar pattern as the classic ALT coin ascending squeeze before pump up against the $50,500 level. I think this breaks up