Looks like 
BTC is ready to head towards $50k. The daily close was at $47.1k, which is promising, and I am expecting BTC to reach $50k before the weekly close, followed by a possible rejection. When considering the support levels, $44k is set as the initial support.
BTC is ready to head towards $50k. The daily close was at $47.1k, which is promising, and I am expecting BTC to reach $50k before the weekly close, followed by a possible rejection. When considering the support levels, $44k is set as the initial support.Note
Can
BTC reach $50k before the weekly close? The situation is intense as this is the 7th consecutive daily candle in the green. As always, it's an impressive parabolic move so far by BTC.Waiting for the weekly close.
Note
BTC has finally hit the $50k target as mentioned in our previous update. The next target is set for
52K, but we've got to be careful here. BTC is at the resistance trendline, and with the RSI in the overbought zone, it is likely to see a rejection soon. The daily close is 4 hours away; let's see how it goes.Trade safely.
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Disclaimer
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.