We are seeing a nice uptrend since the recent mild correction earlier on 8/26 and a nice reversal to 52k seems in the works. Support is strong at 42k and we haven't dipped low enough to test the waters, a sure tell sign of another leg up for BTC/USD
I believe that BTC has shown bullish tendencies by testing support levels consistently throughout the week. Sell pressure isn't mounting and holders are waiting for higher targets. A bullish reversal that will be tested heavily first at 48k then 52k. If the bulls prevail, new ATH's may be imminent as little evidence of support and/or resistance above 54k has accumulated.
