Current price: 50,000
Key point: 48930
Our preferred direction: buy positions at the highest levels of 48930, targeting 52000 as the first target, then 57275 as the second target.
Alternative scenario: Stop loss and change the trend by breaking the 48930 level, targeting 45700 levels
Technical commentary
Finally, Bitcoin rises and penetrates the levels of 48930, the peak that was formed this year, before correcting to the levels of 38500 and rising from it after a false breakout and from an ascending trend line from last October.
It currently penetrated Bitcoin with a bullish daily candle and closed at the highest resistance level of 48930, with its next targets being levels of 52000 and then levels of 57275.
