Hi traders, as you see btc is moving inside ascending channel, and price is now forming possible bull flag, so i expect that price will push to the upside and make new high around 50.000, then i think price will push lower to that trendline of channel around 42.000. Price action could be done so price might push higher anytime soon. Stay patient and watch what price will do. Good luck!
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This is also possible scenario.
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Price is pushing higher, but i want to see clear break above 47.350, becouse lower tf is showing that price can drop again
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Nice break, price might correct for that last push to 50.000 area
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Price made correction, so we are having runing flat there which can push price to that target around 50-51k before reversal. But as you see price is lossing bullish momentum so be carefull, i would rather stay away from more buying its to risky to buy at the top, rather wait for that bigger pullback to 42k area, there we will look for buys again. I personaly will close partial possitions and leave half running.
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Lets see if that trendline will push price, i want to see retest. Looks like price is gaining strenght for that last small push. I wont be suprised if price droped before that to 42.000 area, but lets see 
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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.