Bitcoin is currently trading at $47,300 after showing signs of resilience in its recent surge from a local low of $43,350.
While the structure of the macro up-trend from $29,000 to $53,000 has now been broken, Bitcoin has the potential to regain its bullish posture if it can begin to close daily candles back above the $50,450 level of resistance.
However, astute traders will be on the lookout for a crucial lower high in the $49,000 region, which would confirm $53,000 as a short to medium-term…
Source link
