Here is what i see at Bitcoin Price

10 Nis 2022

Previous significant resistance zone at 45000 have been pierced and forming breakout reaching to 48000. But recently the bitcoin price dropped to the 42000. With 48000 breakout price this could be assume the dropped of the price was a retracement price action. Potential support level that could be trade opportunity located at 41000 and 37750. But if this both support level pierced, we should observe whether the price action will make continuation downtrend or reverse to become uptrend.