After few days of consolidating, price seem to be showing signs of breaking to the upside. This is a sign that the bulls seem to taking control of the market slowly. First, I do expect price to rest in the bullish engulfing zone below. This action would catapult price to the upside breaking through the resistance zone above and possibly to the $54000 level.
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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.