Either Way is Still Bullish

A lot of bulls are watching for BTC to reach 52-54k (next resistance level) to take some profits. I took like 25% off at the current level to lock some profits. Note BTC is clearly in a bullish camp as soon as it breached above 42k and the next target is towards 54k level. Right now at this juncture, we can see 2 possibilities for the price movement. The first will be that BTC may hit 48k within the next 24 hrs and dash for the 54k level. On the flip side, if BTC is unable to get to 48k shortly, then it is likely we can see a pullback towards 42k and then resume the up move later. So do prepare yourself to add more on any pullback to 42k.