The rejection at the $50k price level is a validation that the trading area matters to both buyers and sellers.
Since a bullish continuation pattern is in place, making a conclusion that BTC blockchain traders are aiming for another high (maybe $70k) won’t be a bad idea.
Opting for an instant buy order is cool. But waiting for the retest of the observable support level: $46- $47k is better.
Since a bullish continuation pattern is in place, making a conclusion that BTC blockchain traders are aiming for another high (maybe $70k) won’t be a bad idea.
Opting for an instant buy order is cool. But waiting for the retest of the observable support level: $46- $47k is better.