#Crack #Bitcoin #Binance #Daily

– Bitcoin continues to be in a convergence trend without finding a direction in a wide range.

– Once again, Bitcoin is confirming the support of the ‘$44.2k-$44.5k’ section, and it is trying to rebound while raising the low. If Bitcoin keeps the low as it is, it should have the possibility of triangular convergence.

– If the ‘$44.2k-$44.5k’ support is checked, a rebound can be expected to reach ‘$48.8k-$49.1k’, where the inflection zone during the previous bearish trend and the upper part of the orange medium-term bullish trend channel overlap. Therefore, if it breaks out the resistance area , you can expect a rise to ‘$51.5k-$51.8k’ or ‘$53.3k’.

– If the ‘$44.2k-$44.5k’ support fails, the bearish breakout of the sky blue highs trendline should be open for a deeper bearish trend .

– During the bearish trend , there is an inflection zone of ‘$41.5k-$41.9k’, but in the case of a rebound, if the ‘$44.2k-$44.5k’ resistance is fails to breakout, the possibility of a further bearish trend is higher.

– This should give the possibility of a bearish towards the lower end of the orange medium-term bullish channel and the ‘$37k-$37.7k’, which provided strong support before the March rally.