#BTC/USD Update

1 Mar 2021

#BTC/USDT

#Bitcoin Bounced up fast from our triangle pattern lower level at 43000$ and closed weekly and monthly candles above our support level there and have been tracking this morning after having a high point at 49 469$ in the last move.

Trading volume has been growing for the last session, which is not surprising as BTC seems to be bouncing back.

Technically, we became Negative-Neutral at the daily frame for the moment while over a 4-hour frame, the indicators are positive. In addition, we can observe a bearish divergence.

We only become positive again when BTC passes the major resistance area at 49200-50700$ and consolidate above that zone.