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BTC/USD. Analysis!
Overnight we saw a break of
49K followed by a swift correction.
49K -50K is a strong resistance level
Point of control of the current range is located at49K
Significant support is located at 43K and 44K
The move upwards from 44K to 47K over the weekend was very quick, which means not much support was created.
To see any further upside, the weekly open needs to be reclaimed $48,200 however string resistance is located at 50k 51K
Overnight we saw a break of
49K followed by a swift correction. 49K -50K is a strong resistance level Point of control of the current range is located at
49K Significant support is located at 43K and 44K
The move upwards from 44K to 47K over the weekend was very quick, which means not much support was created.
To see any further upside, the weekly open needs to be reclaimed $48,200 however string resistance is located at 50k 51K
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