Bitcoins (BTC) finally reaches $50,000 again, does that means breakout soon?

So are you eyeing for a bull or bear run for BTC?

Many people are excited when Bitcoins (BTC) finally reaches $50,000 again, are you one of them? Do share your thoughts at the comment section. So the question is — is BTC going higher high? If she is going higher high, that means definitely a breakout is likely to happen soon.

Let’s take a look at the charts first. In D1 chart, you can see BTC has been closing above $46,000 range (last week, the price I did mentioned to look out for is at $46,000 and $44,000 area) and right now MA200 is at this range too. Additionally, MA20 seems to be closely supporting. Based on the current look, it seems like BTC is creating a build up (aka accumulation) so that it will be able to breakout $50,000.

BTC/USD chart D1 on 3 Sep 2021

Then in the lower timeframe H4, you can see there’s a nice rejection at $48,000 range. So definitely the next price range to look out will be $48,000 and $46,000 whether you are buying or selling. For me, I’m more interested to see the bull run of BTC.