I invite you to a quick review of BTC. As you can see, the price is climbing along the local upward trend line.
After deploying the trend based fib extension tool, there is significant resistance at $52,646, followed by strong resistance at $55,289.
Looking the other way, you can see the support zone from $51,539 to $51,191, and then support at $49,425.
On the RSI indicator, despite the recovery, we have three upward impulses that increase the price, while the STOCH indicator still has room for a decline, which may result in a slight reaction.
After deploying the trend based fib extension tool, there is significant resistance at $52,646, followed by strong resistance at $55,289.
Looking the other way, you can see the support zone from $51,539 to $51,191, and then support at $49,425.
On the RSI indicator, despite the recovery, we have three upward impulses that increase the price, while the STOCH indicator still has room for a decline, which may result in a slight reaction.