Straight to the point: If Bitcoin can hold up and close a 4H candle above resistance, then we're going up.
Details: Bitcoin looks bullish overall. we had a few shakes and panic sells in a few hours ago, but there's strong support around $50500 which kept the price up. We're moving up in an uptrend channel but fell before hitting the top which shows the low volume and weakness in the market for now. Mostly because there are too many altcoins pumping up right now.
And also, It might get rejected my the Middle Band any hour now.
Details: Bitcoin looks bullish overall. we had a few shakes and panic sells in a few hours ago, but there's strong support around $50500 which kept the price up. We're moving up in an uptrend channel but fell before hitting the top which shows the low volume and weakness in the market for now. Mostly because there are too many altcoins pumping up right now.
And also, It might get rejected my the Middle Band any hour now.
Trade closed: target reached:
As predicted: got rejected by the Middle Band and fell down the channel.
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