BTC: Can $50K Hold Strong This Time Around?
Bitcoin Update:
BTC closed below
54K on the daily chart, bringing the price close to the support trendline. As expected, BTC has made a bearish move.
What’s next?
The 50.6K support, or around 50K, must hold to help BTC rebound and rally. The RSI is attempting to form a bullish divergence; if successful, it could be positive for BTC.
For now, all eyes are on the support range between 50K and 52.5K.
Hope this helps. Trade safely.
Best regards,
Team Dexter
#BTCUSDT #Crypto
BTC closed below
54K on the daily chart, bringing the price close to the support trendline. As expected, BTC has made a bearish move.What’s next?
The 50.6K support, or around 50K, must hold to help BTC rebound and rally. The RSI is attempting to form a bullish divergence; if successful, it could be positive for BTC.
For now, all eyes are on the support range between 50K and 52.5K.
Hope this helps. Trade safely.
Best regards,
Team Dexter
#BTCUSDT #Crypto
Comment
BTC Update:
In our previous analysis, we discussed the 50k support and how it was expected to hold and rebound.
Currently, BTC is moving as anticipated. It didn’t drop to 50k, but the support trendline has held strong. The RSI has formed a bullish divergence, and the price is bouncing back.
I expect BTC to rally toward
67K–68k this week.
Entry: 50k to CMP.
Stop loss: A daily candle close below the 50k support.
Target:
67K-68k.
Leverage: 10x-20x.
Note: Accumulate the dip and have patience. Don’t trade blindly—make sure to do your own research and analysis before investing.
#cryptocurrency #BTC
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