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2022年2月10日
Bitcoin Aims At $50,000 Next Target +Support & Resistance Levels
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Bitcoin has broken out of a strong descending channel on the 12H timeframe and is now aiming at $50,000.
This $50,000 target is supported by a break above EMA100 and EMA50 recently with good volume.
This resistance level is set halfway thru the real body of the strong bearish candle on 3-Dec. 2021.
We also have MA200 reaching this exact same level.
The 0.5 Fib. retracement level for the bullish wave started after July's 2021 low also lands here.
Finally, this 50k target also coincides with a Fib. extension level.
Multiple tools, signals and indicators are aiming at this range between $49,000 and $50,000+ as the next resistance.
$42820 is the short-term support on this setup.
This is not financial advice.
Namaste.
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