Bitcoin is trading in a bullish trend since the beginning of this year. The market stopped growing ahead of holidays and we see a local weakness and formation of an inside bar on a weekly time frame.
Analyzing the price action on a daily, we can spot a horizontal range. Trading volumes are accumulating within, setting lower highs and higher lows.
Your next bullish confirmation will be a breakout of the upper boundary of the range. A daily candle close above 45000 will be your strong bullish confirmation.
A bullish continuation will be anticipated at least to 47000 then - the next weekly resistance.
A bearish breakout of the support of the range will be a signal of an extended correction.
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