A descending channel is the most bullish form of consolidation

For the past couple of days, we have been creating a descending channel which is the most bullish form of consolidation with the highest probability of breaking to the upside and you can clearly see of course we broke right now our very important diagonal resistance level to the upside right there on the bitcoin chart and now our major resistance started to push the price down the 48840.00$ Level that will be my main focus for the upcoming days.

The Next Target of Bitcoin if we broke the major resistance level will be The 51k$ or above area.

Reda Souhail™