BTC: Set for $50k

10 Feb

Looks like BTC is ready to head towards 50k. The daily close was at 47.1k, which is promising, and I am expecting BTC to reach 50k before the weekly close, followed by a possible rejection. When considering the support levels, 44k is set as the initial support.

11 Feb

Nota

Can BTC reach 50k before the weekly close? The situation is intense as this is the 7th consecutive daily candle in the green. As always, it's an impressive parabolic move so far by BTC.

Waiting for the weekly close.

12 Feb

Nota

BTC has finally hit the 50k target as mentioned in our previous update. The next target is set for 52K, but we've got to be careful here. BTC is at the resistance trendline, and with the RSI in the overbought zone, it is likely to see a rejection soon. The daily close is 4 hours away; let's see how it goes.

Trade safely.