Bitcoin Breaks Up, What Will Happen Next?

We saw 4-Feb. how Bitcoin broke above our "local resistance" to open up the bullish path but, what comes next?

Bitcoin is still trading daily below EMA50 and weekly remains below EMA50 and EMA10.
Signaling that the bulls are not yet on top.

We can see resistance right at EMA50 around $42,000 - $44,000.
If this level is broken Bitcoin can go to $50,000 or so but we are not there yet...

This small bounce can quickly reverse and we see a resumption of the bearish drop.

Leave a comment with your views, your opinion or questions.

Thank you for reading.
Happy new week ahead.

Namaste.