Bitcoin tested the marks above $50,000, updating the local maximum. Is there a true breakdown and in what direction should we expect the price of the first cryptocurrency to move over the weekend?
At the moment, the quote is trying to gain a foothold behind the upper border of the sideways - $50,600. However, an abnormal volume appeared at the very extreme . This is a cluster that denotes the non-acceptance of locally expensive marks. From such a structure, a correction may appear to the level of $49,700, from which it is likely to see the reaction of the buyer.
The global trend of recent months is upward, the angles of attack on the sales waves are weak — from such formations, the output is statistically more likely to go up.
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