Bitcoin is up 6.5% in two days. On the chart, you can see how clearly the price has come from the bottom to the top. Tested as resistance. And is now at $49,800. There could be two possible developments at this point.
The first one is that the price will continue to push up to the upper consolidation boundary, breaking through and retesting at $50,460. Further growth to the area marked above.
The second option - the price will correct to the lower boundary of consolidation and from there upwards.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade