Broken rising wedge and another rising wedge forming.
Strong resistance near $46,000 - $50,500 as so many buyers were stuck hodling since December 2021. Many will exit to breakeven or take some small losses making it difficult to break through $50,800.
Lack of recent volume also looks worrying.
Plenty more evidence that Bitcoin will soon taking a dip. Please tighten your trailing stop.
No, Bitcoin will not hit $100,000 in the near future as of writing.
What's the price target if Bitcoin enters bear market? Please also see my Daily chart analysis.