We always consider that we are on the weekend and the volumes are quite low.
The MACD is positive and hovering below its moving average.
49839 is our resistance on the 30 minute chart.
Predictable scenario: as long as the resistance at 49839 holds, we can point towards 46486
Alternative scenario: Above 49839, I expect to reach 51462 and 52000. Upon breaking 50040 long! At the bearish break of 48620 short but with caution. Stick to the stop losses.
From a daily perspective, BTC has surpassed its previous medium-term highs of 48,000 with sufficient volume and bullish momentum. While we have reached a high of 49382 so far, the price action is holding up very well against short-term selling pressure.
The price of BTC is above the moving average at 50 and 200.
Il Fear e Greed index è 70 e la dominanza 42.21
Happy trading everyone.
Chart from tradingview.com
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