BTC
The price of Bitcoin (BTCUSD) presented new strong positive trades to succeed in reaching the extended positive targets, as it reached the verge of the recently recorded peak at 48961.84, and we notice that the price is showing signs of losing positive momentum now, which may put pressure on the price to turn lower during the coming sessions.
Now, we prefer to remain neutral until we get a clearer indication of the next direction, noting that breaking the support 47675.00 will confirm the dominance of the bearish tendency in the upcoming trading, heading towards achieving negative targets starting at 45950.00, while breaching the resistance 48961.84 represents the key to extending the bullish wave and achieving additional gains. It reaches the 50,000.00 mark as the next positive stop.
