Current price: 50000
Key point: 49000
Our preferred direction: Buy positions above 49000 levels with 53000 as a first target and then 57000 as a second target.
Alternative scenario: Stop loss and change the trend by breaking the 49,000 level, targeting the 45,000 levels.
Technical commentary
Bitcoin fell during today's trading very strongly by about 14% after most of the world's stock exchanges fell, and Bitcoin reached the pivotal support levels 49000-50000, and in the event of forming a suitable price behavior from these levels, Bitcoin will head to the 53000 levels and then the 57000 levels.
