If the resistance range of 49.5 to 50 is broken, we can expect the bitcoin range to rise to the target of 58.
But now, given the candlestick guard and the status of the chart, one of the two scenarios drawn on the chart can be expected to happen, which could lead to moves in Altcoins.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.