Bitcoin Is About To Hit $50,000+

Bitcoin (BTCUSD) is looking good on the 4H timeframe.

We can see that a new ATH was hit yet prices remain consolidating near resistance.

The longer a resistance level is challenged the weaker it becomes.

The trading volume is really low, which signals neutral/sideways or a continuation.

BTCUSD is sitting above EMA10, EMA50, EMA300/MA200. This is good.

The indicators are looking good and favoring the bulls.

It is likely that Bitcoin will try and challenge $50,000 next.

What do you think?

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Namaste.