BTCUSDT UPCELLAR TREND - 50K OR 39K

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As illustrated on chart, btc has been following a rising channel with a breakdown along line and back inside the channel in a stair way trajectory. The current position indicates a strong support but could go either way to the specified target if support fails to hold. Btc might be up for a new trend but until then let wait for the next price action.
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Btc is currently facing a reistance on the 0.5 price line of the Fibonacci retracement (the fib level is placed from 29.3k(July's low) to btc ATH at 65k) which is 46.4k on bitcoin price line. If the dynamic support at 45.5k - 45.7k fails to hold then a double top pattern will be in to take btc down to some extent at 42.7k or below. A break above 46.5k will ratify the 50k target.