#BTCUPDATE - 23.8.21 $50K.....WILL IT HOLD!!!!

We broke $50k!!! Looks like Asia bought hard off the back of the PayPal in the UK news following with Europe openeing. It will be interesting to see how the US reacts - hopefully it iwll break the banks of $50k and pump it hard.

I am still concerned there may be a bit of a bull trap at $51k with a dump back to about $48.8k which won't be the worst thing and just continue this ascending triangle formation.

We are about $1000 away from getting back into full bull mode for BTC though so lets hope the US buys hard on wake up.

There is a Bearish divergence printed on the 1hr. My play is to look long now on BTC and to set up buys at $50k, $48k and worst case scenario $44k if it does dump hard, targets....ATH and beyond.