Bitcoin- Pressing in resistance. 55K target if it breaks

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

Mihai_Iacob

Yesterday I was wondering if this is a genuine reversal or a bull trap and I’m getting more and more convinced is reversal.
Looking at price action yesterday we can see that dips are bought, bulls are strong and Bitcoin is building momentum for a break.
Technically 40k should hold for this outlook to remain valid and a break above 45k would confirm a double bottom with a target at 55k

Best Of luck!
Mihai Iacob

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