BTC going to retrace but short term target is $50k

BTC has had a hell of a 48 hours.

It's time to rebalance and retrace. We can expect margin and levered accounts to sell their positions and take gains.

I have highlighted the area where it makes sense to re-enter into BTC. $40k and below.

With all of the momentum going right now, higher lows being set on long term charts, I expect to see BTC at least around $45k after this new higher low.

Check out some of my other ideas on assets that made nice runs recently.

הערה:

interestingly enough the reversal is happening halfway through the four hour period started at 11am, lets see if BTC can break the top trend line

הערה:

definitely broken now, I would look for swing traders and short sellers to step in soon