BTC has breakout the W last night at 49k$ which is extremely a bullish sign.
Also, we know that BTC has been forming an inverse head and shoulder pattern on 4h chart which is a bullish sign but starting from March 1, a head and shoulder pattern was also forming on smaller timeframes which was a bearish sign. Now, everyone was confused if the BTC will respect the H&S or will respect inverse H&S and rally towards a new ATH at 60k$.
Past few hours were decisive as the price got reversed and BTC didn't respected the bearish H&S. Now, we have eyes on 52k$ mark which is a strong resistance for BTC and if this is broken, we can see BTC at ATH.
Good Luck!
Also, we know that BTC has been forming an inverse head and shoulder pattern on 4h chart which is a bullish sign but starting from March 1, a head and shoulder pattern was also forming on smaller timeframes which was a bearish sign. Now, everyone was confused if the BTC will respect the H&S or will respect inverse H&S and rally towards a new ATH at 60k$.
Past few hours were decisive as the price got reversed and BTC didn't respected the bearish H&S. Now, we have eyes on 52k$ mark which is a strong resistance for BTC and if this is broken, we can see BTC at ATH.
Good Luck!
