BTC could make a test of 50k before making any significant move

My suggestion is that before the bears or the bulls would kick in, we can see a test of 50k area. Overall it looks bullish for the short term, but I think we still have a high chance to go all the way down to 42k area to these the weekly low of the long wick candle from the 4th of December.

Hard to tell right now what could happen, but for now I think the trading volume is going to stay low until the end of the year, but as I said we could be "swimming" in a sideways channel, so a test of 50k could be a very easy move right now.

Trade fermée manuellement:

I decided to close this trade... Exited around BE. I see some bearish price action on the lower timeframes, and this thing could drop like a rock... I'll be watching this one closely... At this point, it looks like it's going to fall...