Bitcoin heading up to next important resistance point that is between 49k-51k. Here is why:
+ It will close the CME gaps at 49k
+ That is a 0.618 fibbonacci level of the movewave
+ We have strong momentum to the upside after long consolidation
+ Weekly candle really wants it ;)
+ Fear in the market will turn to the greed again, to rekt the emotional traders...
The Purple Box is the consolidation zone. This is my buy zone. I think from here we will go to ATH in the next weeks or months. As long as we ain't breaking it to the downside- it's not invalidated.
We can also see the RSI bullish divergence on Daily timeframe. That is a powerful sign that often indicates strong move to the upside.
