Bitcoin May Break 50k This Week

BTCUSD is getting very close to the 50k psychological resistance. Furthermore, the 25ma has bounced off the 55ma and now they are developing a significant gap, meaning that this trend has significant momentum and will likely continue for the next 24 hours. If we do break 50k I would not be standing on the sidelines, I would be going long. However, I am already holding a long position currently based on other factors.