It's not still confirmed if we lose the current support the price will still fall but the have 4 confluence conditions active in the area of 50K - 52K, as you can see in the chart, we have bottom warning line of our up sloped trendline which is drawn from the start of the last up-trend move, we have the trend line there, we have the strong support zone which is long lived, we have 61.8% fib level around 50K.
We may still wait a little bit before the price goes up, no sharp moves could be expected for a while but eventually it'll go up, best time to store some alts too
A divergence at the support level could confirm this scenario more.
We may still wait a little bit before the price goes up, no sharp moves could be expected for a while but eventually it'll go up, best time to store some alts too
A divergence at the support level could confirm this scenario more.