There have been 2 days of great volatility for Bitcoin with the price ranging around 20%
Now the price stopped falling in 45k support and is rebounding and trading around 50k zone
In my opinion, bulls are not out of the woods yet and a new leg down is probable in the next few days
That being said I'm a short seller around 55k with a target of 42k
On the other hand, a break above 55k would signal that the correction is over and bitcoin could accelerate its gains above 60k
Now the price stopped falling in 45k support and is rebounding and trading around 50k zone
In my opinion, bulls are not out of the woods yet and a new leg down is probable in the next few days
That being said I'm a short seller around 55k with a target of 42k
On the other hand, a break above 55k would signal that the correction is over and bitcoin could accelerate its gains above 60k