BTCUSD Bitcoin reached the 50000/50500 & 52000 P&F targets after a strong rebound from support at 38000. Next upside targets are 53500/56500! Beware any P&F chart reversals to the downside to signal the end of the current rally and a consolidation at support zones before the setup for the next advance!
Looking intraday chart, there is a cluster of targets around the 54250/55250/55500 zones!
Could see a consolidation around these targets once met. Beware any major P&F chart reversals to the downside to signal the consolidation period. Trend line support zones possible rebound zones!
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