Bitcoin | Near The First And Strongest Area Of Resistance

During this week Bitcoin managed to break over 42,500 which was the first critical resistance area .

Apparently, the price is moving within a rising channel and that is it
indicating that buyers and sellers are paying close attention to price
development because the bearish / bullish breakout can happen very soon.

If the price will break down of the channel, we can see it drop back to 37,500.

A strong movement of the price over the top of the structure will give the bulls complete price control
by moving the price higher up to 50K as the beginning.

Thank you and Good Luck!