BTC 55k or 50k This week ?

Feb 17

Bitcoin rallied nicely after breakout of consolidate area 43k to42k on Feb 8th , now at 52 k it is oversold in weekly time frame if it has to continue uptrend a leg needed to put backward to 50 k area then resume uptrend.

Feb 17

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Weekly Timeframe chart for reference

Feb 17

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Getiing there to 50 K

Feb 18

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Almost touched 50k took support at 50600 area now testingthe the trendline breakdown area of 51900 if this rejects and voilates below 50600 again we might see 49k comming days

Feb 19

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Back into consolidation area

Feb 20

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Still In Range

Feb 22

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50600 area testing multiple times

Feb 22

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Feb 23

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Feb 24

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Might get below 50 K before Monday

Feb 27

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50600 support got held 55 k acheived above

Feb 28

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Still strong