taylor77

Bitcoin, after falling towards the chart support located in the $42,000-41,850 area, made a quick recovery but was unable to exceed $43,850 . The short-term technical structure therefore remains mixed: the return above $44,500 is positive as it can push prices into the $45,800-46,000 area. The overcoming of this zone will then provide a further demonstration of strength even if, from a chart point of view, only the breakout of $49,000 could provide a bullish directional signal. A drop below $41,500, however, is dangerous even if a negative signal will only arrive with the collapse of $39,500 (with a first target in the 38,650-38,500 area and a second target at 38,000-37,850 dollars).