BTCUSDT rejected the resistance price @ 52,000 since the beginning of the month and since then came down to 40500 to form a support. Price still holding at that support area (40500/39600)and from a bigger picture on the Daily TF, we can spot a bullish continuation flag pattern.
Price has been under pressure in the support area and showing us that the bulls are still trying to hold the position. If it can be sustained, then we might likely experience the length of the pole of the flag upward to 55000 first to break 52500 resistance and then to the next price action at 65000.
We approaching the last quarter of the year and there is likely going to be a bull run.
This is my bias.
Please comment and share your ideas.