Currently trading - 48 200USD
Bitcoin is still in risingwdge, but on on the below trendtline. If this trendline breaks, then could down directly to 40 000.
Redline scenario - trendline will break, bitcoin will go to 43-42k and then back to retest trendline.
3th option - bitcoin will go up to 53 000USD.
Situation is now very tricky and it is better to stay out of market.
Bitcoin is still in risingwdge, but on on the below trendtline. If this trendline breaks, then could down directly to 40 000.
Redline scenario - trendline will break, bitcoin will go to 43-42k and then back to retest trendline.
3th option - bitcoin will go up to 53 000USD.
Situation is now very tricky and it is better to stay out of market.