🪙#BTC: Despite the week closing in red, this is the second week that closes above 50K. A small GAP has formed on CME within the range of 51.6K - 52.3K. The price has just hit a local resistance at 51.8K, from where we might see a slight pullback to close this GAP.
❗️However, if Bitcoin manages to break above 51.8K, we will continue the sideways movement, and the next target, as mentioned earlier, will be 53K.
As long as the psychological resistance at 50K holds, the priority for continued medium-term growth remains. Only in the event of breaking this level can we expect a significant corrective decline.
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🪙#BTC: Despite the week closing in red, this is the second week that closes above 50K. A small GAP has formed on CME within the range of 51.6K - 52.3K. The price has just hit a local resistance at 51.8K, from where we might see a slight pullback to close this GAP.
❗️However, if Bitcoin manages to break above 51.8K, we will continue the sideways movement, and the next target, as mentioned earlier, will be 53K.
As long as the psychological resistance at 50K holds, the priority for continued medium-term growth remains. Only in the event of breaking this level can we expect a significant corrective decline.