Bitcoin Chart Analysis
Bitcoin had had a drop of about 5% yesterday and bounced at our support zone. In the meantime, we are back above the 46,000 USD mark.
Now we need to get above the last high at around 46,800 USD. If we are rejected here, another correction could follow and we could form a double top pattern. Trading volume has slowed a bit.
On the daily chart, we may be able to see a confirmed breakout. If our support zone fails to hold, we could fall back into the 41.00 – 43.00% area.