We can see a very nice descending wedge on the 1 hour candle.
If it breaks to the upside, we will retest 48k and finally maybe break the strong resistance at 51k.
If it breaks to the downside we will at lest retest 42k.
By the look of the market the last past day the bear is in clear control. BUT remember bitcoin is ALWAYS doing the opposite of what people expect, how many TRAP we had the past month.
Whenever people are waiting for a dip.The dip usualy never come.
If it breaks to the upside, we will retest 48k and finally maybe break the strong resistance at 51k.
If it breaks to the downside we will at lest retest 42k.
By the look of the market the last past day the bear is in clear control. BUT remember bitcoin is ALWAYS doing the opposite of what people expect, how many TRAP we had the past month.
Whenever people are waiting for a dip.The dip usualy never come.