Bitcoin- buinding pressure to break above 50k
After passing above its previous all-time high at around 42k, Btc has gained another 20% and for 10 days now is trading just under 50k (extremely important figure).
Technically speaking this can be viewed as consolidation before a break, psychologically I really don't expect bitcoin to drop from exactly 50k.
That being said, my target for bitcoin in the short term remains 53-55k zone
Technically speaking this can be viewed as consolidation before a break, psychologically I really don't expect bitcoin to drop from exactly 50k.
That being said, my target for bitcoin in the short term remains 53-55k zone
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