BTC is trying to break the $52,500 resistance for the fifth time! The more times it hits resistance, the more likely it is to break out. This time it is also supported by a rising RSI, lower Stoch RSI levels (much more fuel in the tank) and a breakout/retest of the descending triangle pattern.
There is some liquidity and sell orders at $54/56k, but no resistance on higher timeframes up to $60k. $ETH and alts are also doing well, BTC.D is trending down and the $ETH chart is looking much better. than BTC. If you are already positioned in alternative markets, I would look for key TP levels at 1.272/1.414/1.618. Don't lose FOMO to the market now!
