BTC – Aiming for 50k

Bitcoin / TetherUS BINANCE:BTCUSDT

Stoic-Trader

The range/triangle shown in the previous analysis broke to the upside, and we gave just retested the the top of the broken triangle, with a swift rejection.

I see a high probability of a test of 50k, considering 61.8% pullback at 49145.

Note that my primary scenario is still bearish , and this recent upside would only be the final leg of Black Wave 4.

For now, I´m taking cautious trades up to 50k, and watch price action from there.

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