Yesterday I made an analysis on BTC and the incoming minor & healthy correction. The correction took place and the earlier support zone held perfectly, congratulations if you made an entry in the specified area.

With the weekend ahead, volatility is going to die down significantly. The probability for a further bullish move to $50k would not be expected. Consequently, I’m expecting us to reach $50k somewhere next week.

The expectation is for BTC top trade around the support zone this weekend. Last few week’s weekends are notoriously stable, so wouldn’t be surprised if we’d trade between $47k-$48k all weekend. However, this gives alts a chance to shine, so be wary for some signs of alts running today, which might indicate further strength into the weekend.

Happy trading!