BTC price action disappointed the market throughout the weekend and beyond as a lack of momentum kept $50,000 at bay. Major resistance, now solidified on exchanges at $51,000 and above, remains firmly in place, and analysts say the outlook remains muted until this level is turned to support. If that happens we most likely are going into a new impulse wave back to $58,000 at first and then probably a new all time high.
The market remains in a bear trend, but trade is trying to bottom / turn off support levels under 46309. Trade action still hints for corrections the next few days. A close over 49893 will boost retracements near 51572. A close over 49833 is friendly. Closes under 43935 - 43800 are needed to renew washout selloffs.