Hello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in a daily time frame with the Bitcoin analysis update.
As you see, the price has started to move upwards after the break of the resistance area and is fluctuating close to the resistance line.
At the moment, the daily candle can move towards the resistance ahead, and if the $ 50,000 resistance is broken, we can trade for the next resistance and higher targets.
It is also possible that the candle will move towards its support, then start moving upwards.
As long as Bitcoin fluctuates above the support line, the market is bullish, but if it drops below the support line, and stabilizes, we consider further decline, which has a low probability.
Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
Wish you luck
Mars Signals team wishes you high profits.
We are in a daily time frame with the Bitcoin analysis update.
As you see, the price has started to move upwards after the break of the resistance area and is fluctuating close to the resistance line.
At the moment, the daily candle can move towards the resistance ahead, and if the $ 50,000 resistance is broken, we can trade for the next resistance and higher targets.
It is also possible that the candle will move towards its support, then start moving upwards.
As long as Bitcoin fluctuates above the support line, the market is bullish, but if it drops below the support line, and stabilizes, we consider further decline, which has a low probability.
Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
Wish you luck