Between the ranges of 46.4 K and 49.5 k, BTC has been moving for many days now. It has touched the lower end of the mentioned range thrice and bounced but unable to break the upper limit of the mentioned range. Heading into Friday, with options expiring looming, the bears may have a huge say, with prices being volatile and dips offering buying opportunities.
A break above 50 K with good volume and follow up volume will show that the bulls have the upper hand.
A break above 50 K with good volume and follow up volume will show that the bulls have the upper hand.