BTC - a break through 50k USD brings us back to ATH level

Bitcoin has proven strength again by breaking through the resistance at 43k USD. It was confirmed as new support right after and now we are slightly below the 50k USD. Many traders expected the 200MA acting as resistance, but here we managed to move above it with ease now acting as support, too. Ichimoku cloud substantiates the bullish momentum by an expaning green cloud. We have not experienced a sell-off after such a run from 30k USD and instead, we are targeting a break of 50k USD while MACD will start to converge again. If we break this level, ATH is highly likely in some weeks.

This is not trading advice. Happy trading!