If $BTC breaks $47532 then a strong bullish trend is possible

$BTC has been range bound over the last couple of months. After the massive fall earlier in May, the price stuck for the most part between $29222 and $43000. Most recently, the area of resistance around $43000 has been broken and the market seems to be attempting a reversal or change of trend. Watch $47532, an area of value we had drawn a few months back. If the price breaks through $47532 and stays strong above it there is a possibility of another bull run. However, if $47532 is acting as a strong area of resistance and if $BTC struggles to break through the $50,000 mark with confidence then there could be another period of sideways market for a bit.

Nothing here is investment advise. Please do not take more risk than you can afford to lose.