Zooming out BTC, shows a nice formation of a bullish Pennant pattern, making lower highs and higher lows. This is a very good setup of bullish pennant pattern because price has been making a huge bounce off the lower boundary every time.
Price might break out in coming days and resume the pattern continuation for the 50K target. However, this might require some incredible patience.
Price might break out in coming days and resume the pattern continuation for the 50K target. However, this might require some incredible patience.