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Thus, BTC has proven its strong upward momentum to break through the peak of 48-49K as I analyzed. What does this prove? Breaking the resistance level at the peak of 48-49K will create many favorable conditions for the price to continue growing.
According to what BTC has done and according to technical analysis, there will be 2 scenarios:
1. BTC moved sideways and continued to increase sharply. Before increasing, there will be a candle that sweeps down to around 48k and withdraws at the end of the sideway period.
2. Scenario 2 will retest the lower support price area at 45-46k or a slightly deeper candlestick and then increase strongly again.
Both scenarios are possible. However, in my opinion, I am more inclined towards scenario 1. I also gathered some other Altcoins to predict scenario 1.
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