After forming a base above $46,000, bitcoin price started a fresh increase. There was a strong move above the $48,000 resistance zone and the 21 simple moving average (H1).
The price even spiked above the $49,000 level, but the bears were active near $49,500. It is now correcting lower below $49,000. There was a break below a key rising channel with support near $48,900 on the hourly chart.
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Trading in financial markets is very risky, you might lose all your assets. Before doing any trading, it is necessary to know the rules and regulations and if necessary, learn the trade training from here.
All rights of this website belong to ITB company
