TECHNICAL ANALYSIS// #BTCUSD.
BTCUSD BULLISH
▪️The BTCUSD pair has started to correct from overbought conditions after reaching the $51,800 resistance level.
▪️Buying into price dips under $50,000 appears the best strategy as the prevailing trend is still extremely bullish.
What the possible outcomes are:
▫️In our most likely scenario, the BTCUSD pair will briefly test under the $50,000 level and then recover back towards the $51,800 resistance level.
▫️Alternatively, the BTCUSD pair could stage a strong pullback towards the $49,000 level before quickly recovering back towards the $51,000 level.
Key levels:
Support $49,000 $48,400
Resistance $51,800 $53,000
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