BTC - 4h. Sellers are not showing the expected aggression. $56k?

16 feb 2021

Hello colleagues. During the day, nothing has changed in the BTC market. Buyers managed to practically test the mark of $50,000. The all-time high on Binance was recorded at $49,998. The price continues to move in consolidation and now it is the sellers' turn to show their strength.

However, at the moment we do not see any aggressive actions on the part of sellers. If the situation continues in the same way - the maximum that sellers can hope for is the mark of $46,000. Moreover, depending on the specifics of the market, such a breakdown will be very fast and buyers will be able to quickly return the price and start a new impulse with a target of $56,000.

In the worst case scenario for sellers, the price will not drop below $48,150.

The wound from yesterday's fall in the crypto market healed quickly enough. Some coins have updated their highs. Therefore, the hypothesis of shorts, which should be looked at, is postponed.
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