Bitcoin Holds $50K!! 🚀🌕

3 Eyl 2021

Bitcoin has found support at our level at 48.2K and rallied back to 50K. It is showing a clear affinity for these higher levels, suggesting a breakout may finally be on the horizon. Recall that we must solidly break out from 50K to solidify the bull rally that took us from the low 30K handle back up to current levels. We are sitting at about 50K exactly right now, and the fact that it has not rejected this level yet is a great sign for bulls. Immediately above, however, we will see resistance from 50.8K, but we are seeing a bull wedge forming suggesting that Bitcoin is building up steam to break out. After this level, the next target will be 52.8K, and this should solidly claim the 50K handle if we can achieve this level.