Bitcoin to hold the level above the 2 downtrends and we will likely see a move towards the next resistance.
bitcoin recently moved towards both downtrends but just made a move above the macro downtrend.
first downtrend ( 7 dec - now)
second (macro-)downtrend ( 10th nov - now)
resistance = +- 51938 (beginning of recent downtrend)
next resistance = +- 52925 (recent top of 7th september + key support/resistance area)
bitcoin recently moved towards both downtrends but just made a move above the macro downtrend.
first downtrend ( 7 dec - now)
second (macro-)downtrend ( 10th nov - now)
resistance = +- 51938 (beginning of recent downtrend)
next resistance = +- 52925 (recent top of 7th september + key support/resistance area)