#Bitcoin range low must hold else $50,000 ?
BTC is testing the range low for the 5th time since March. Price has been ranging for the past few months in a tight range, and a massive breakout is imminent.
Currently, the price is at a critical support zone that must hold. We have already witnessed a fakeout below $60,000 followed by a quick reclaim and a nice run-up till the range high.
If the price breaks down below the range low again, we will consider it an actual breakout rather than a fakeout.
There is no major support zone before the $50,000 - $52,000 level.
So far price is holding the range low nicely and the overall idea remains bullish.🤝
