Bitcoin may be make it local top here, Little Correction soon!!

Technical analysis:

Welcome to this quick update everyone,

In Daily timeframe Chart, Once Again Bitcoin Bulls Are Back in Town, Daily MA50 got Cleared & turned into Support.

At the Moment, Bitcoin bulls are testing the Key Horizontal Resistance 41k, If Daily Candle Closed Above the 40 .6k(Daily Resistance), Next Would be 46-48k Resistance Area .

Let’s be honest, after such a huge upswing (+40%) BTC needs at least a small correction as well as RSI did not retested it breakout downtrend, so RSI is also

need to be retest it breakout trendline.

Yesterday we faced the major resistance at $40,500 and couldn’t break it. Today we also got rejected there. This can be the short-term top!

I don’t expect the upcoming correction to go below 35K

The bearish picture invalidates if we do break above 41K

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#bitcoin #crypto #nextmove #bullmarket #sideways #btcusdt #dailyclosed
Bitcoin (Cryptocurrency)breakoutChart PatternscorrectioncryptoCryptocurrencyTechnical IndicatorsTrend Analysis

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