BTC/USD. Analysis!
Overnight we saw a break of $49K followed by a swift correction.
$49k -$50K is a strong resistance level
Point of control of the current range is located at $49K
Significant support is located at $43K and $44K
The move upwards from $44K to $47K over the weekend was very quick, which means not much support was created.
To see any further upside, the weekly open needs to be reclaimed $48,200 however string resistance is located at $50k $51K
Overnight we saw a break of $49K followed by a swift correction.
$49k -$50K is a strong resistance level
Point of control of the current range is located at $49K
Significant support is located at $43K and $44K
The move upwards from $44K to $47K over the weekend was very quick, which means not much support was created.
To see any further upside, the weekly open needs to be reclaimed $48,200 however string resistance is located at $50k $51K
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