BTC - 4h. Buyers do not feel resistance on the way to $56,000

18 Feb 2021

Hello! The trend in the BTC market continues. Our main scenario, which we wrote about in previous ideas remains valid .

Buyers managed to break the consolidation up. This breakthrough took place without increased volumes and aggression. So now sellers are checking the strength of buyers.

Given the nature of the fall in the price of BTC, the sellers do not intend to start a correction in this price range.

The dominance of BTC is falling. This fact allows other coins to be independent. For an example you can look at BNB:

If buyers keep $50,000, we will expect a new momentum with a target of $56,000.

An alternative scenario will take effect if sellers take control of $50,000. In this case, we will consider the option of continuing the correction to $48,000
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