Bitcoin has broken the resistance at $47k and made this level support and now we're well on our way to hit $50k!
Once there we may get some jerky price action, but the real resistance for me is around $52k.
People that longed this breakout will probably take profit at that level. So good to secure profits if you plan to swing this.
Easy chart, nothing more to say on this 4h timeframe. On higher timeframes like daily, bias is turning bullish, very bullish particularly if we hold above $50k!
Like and follow if you liked this idea!
Once there we may get some jerky price action, but the real resistance for me is around $52k.
People that longed this breakout will probably take profit at that level. So good to secure profits if you plan to swing this.
Easy chart, nothing more to say on this 4h timeframe. On higher timeframes like daily, bias is turning bullish, very bullish particularly if we hold above $50k!
Like and follow if you liked this idea!
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