Rise to 50 000 before the next drop
BTC/USD COINBASE:BTCUSD
BTC broke above the previous highs at 45K and it’s now in a consolidation, we can also see a triangle forming.
It’s more likely to see another push up and price reaching values slightly above 50K.
That’s where many buyers will enter the market but we’re still expecting that there’s going to be another big drop to 30K.
Short-term we’re looking for a move up to 50K but then another meltdown.
Follow the analysis to find out when exactly the reversal will happen.
