Hello Traders,
first i have to say: My last post didn´t play out well. You see the potential price channel in this chart too (light transparent).
Then i see FOMO, which makes me uncertain.
This could be the reversal, followed by mid term bullrun, but it is too early to be sure.
The 50 day MA will act as massive resistance i guess. This could be the perfect BULL TRAP.
The only thing, which want me to believe this move could be sustained, is the RSI.
Here we see a clear trend break.
I guess we have to wait, how bitcoin will react with the FIB levels and the 50 day MA.
Good luck & play safe!