Bitcoin to go to 48K?

Currently holding a trade I placed on Bitcoin last weekend as it looks like the market has given us confirmation that Bitcoin is going towards the upside and that this bullish trend is valid.

Not only did we have a change of character earlier in the year when price broke above the major lower high at 25318, but we have also continued to make a higher high and higher low past that point.

Also, price has broken straight past some key levels of resistance between 28459 and 29675. The 29675 level in particular is the one that price needs to hold in order to give us further bullish price action. On top of that we have also broken past another fan/dynamic level of resistance which further supports our bullish idea. A safe area to enter a buy if you are not in one already would be the 29675.25 level.

If price were to break below the 28459.15 level of support this would invalidate our trade.

TP - 48244.37
Invalidation / SL - 28459.15
Chart PatternsTrend AnalysisWave Analysis

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