Based on BTC 4H chart, it broke out of its apex triangle resistance at $37k. This may bring BTC price up to $49k in the short term.
To confirm this breakout, BTC must stay above the apex triangle resistance turned support on the next candle which forms a red candle above $37882 until the next move.
Based on MACD indicator, it is indicating a strong upward momentum but a possible bearish divergence sign is unfolding where histogram is having lower high but price candle is having higher high. Beware of a trend reversal.
To confirm this breakout, BTC must stay above the apex triangle resistance turned support on the next candle which forms a red candle above $37882 until the next move.
Based on MACD indicator, it is indicating a strong upward momentum but a possible bearish divergence sign is unfolding where histogram is having lower high but price candle is having higher high. Beware of a trend reversal.
