BTC currently is at the resistance of a channel. Momentum is ticking up on a Daily timeframe where it is most likely break above the channel and will face the $47k rejection. Later retest the channel and then launching above the $50k.
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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.