If what I am suspecting happens, i.e Bitcoin breaking through the $48000 and closing above the 200MA, we will be seeing our next break out at $49000, and if this happens, we'll be having our next break out at $50000 before the final bullish decision. But however, we still need to keep watch and tighten our belts because it may encounter rejection at the $48000 and...
From the chart in past months, it seems bitcoin will be doing well in this month September. It may reach the $57000 target. But be rest assured of its fall in the October month.
Not a financial advice #DYOR
#After consolidation, the price of the coin went down to settle in a slight downtrend.
If the candle stick hit the lower trend line, and bounces back to hit pass the upper trend line above, the Market will experience an outbreak above $2. But if it hit past the lower trend line, the market will experience 2-3 days downtrend before retesting into an uptrend.