Based of my analysis on the 4h timeframe, it seems that the BTC is currently forming a falling wedge pattern (which more likely to breakout to the upside). And if it does a breakout, it should have a technical price target of 48k but, as always we need to see a surge in volume and a close above the upper wedge line in the 4h timeframe. And if we see the MACD and RSI on the same timeframe, it looks like the RSI is on a up trend while the MACD just had a bullish cross to the upside. But in the end, this just my opinion and not financial advise, and as always happy trading guys!!
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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.