Bitcoin (BTC) started the week like a bomb: $50,000 is on the table!

Bitcoin (BTC), which closed above 48 thousand dollars weekly, increased its signals about the bull season.

Bitcoin (BTC), which has been rising continuously since $ 38,500, closed the week above $ 48,000, making crypto investors happy. The leader of the cryptocurrencies, which was rejected at $ 48,000 at the time of spot BTC ETF approval in the past weeks, has now given confidence to the sector by pricing above this level. Which levels are important to follow for Bitcoin, which has a very positive outlook in both daily and weekly time frames?

With bated breath: At the decision stage!

One of BTC's most critical levels, $48,000, has not been clearly exceeded for now. A volume breakout of this zone, which served as a strong support/resistance at the time, or a positive news flow throughout the sector, could push the BTC price up to 51,979 - 55,602 and 58,378 dollars, respectively. If settled above $58,376, we could witness a real bull run in the crypto industry and ATH in BTC.

Factors such as $48,000 acting as resistance again or market swings due to fud news will pull BTC lower. In such a scenario, we may first experience a pullback to $45,533. If this level cannot be maintained, a test may occur at $42,049 - $40,717. With the loss of the green box, withdrawals may occur up to $38,631, which is the recent bottom point.