BTC TECHNICAL ANALYSIS
With the recent update from the Securities Exchange Commission, the crypto market has been experiencing a bull run. This analysis shows a consolidation state in price which might either affect the price positively or negatively, depending on the trend in chart. A breakout at 47600, will yield a profit of 8.24% at 51600 and 21.73% at 58000 if the breakout is successful. However, if things go south, there might be a loss of 2.23% or 11.06% if the price breakdown the consolidation region marked with yellow background. keep your eyes fixed on the chart and price. Best of luck!
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