BTC BULL RUN BACK ON?

BITCOIN.

A retrace seems to be taking place with support at 38k to be tested.

Current resistance stands at 48.5k and will most likely experience multiple tests on a short-mid term basis.

Thus our current trading range sits at $ 38k - 48.5k

Our bullish scenario could see a potential cup and handle which means a test to 60k resistance, I estimate this can take a few months to unfold.

Our bearish scenario is retesting 29K support if above 38k support is broken!

PRICE TARGET: 60k

STOP LOSS : 35k

RISK: Medium-High