#Bitcoin: BTC price move in shorterm sideways n mid term downtrend from last 40 days after making all time high $69000. Crypto Market is facing both positive n negative news from last couple of days which u can find our weekly news section.
In 1 day chart, we can see bullish RSI Divergence and bullish MACD crossover after long time. Both indicator indicate that BTC is ready for bounce. Breakout of downtrend channel near $49000 will give confidence to bulls. $51k and $53k will be work as a resistance before next mega jump.
On downtrend side, $44400 will be work as support.
BTC chart look good but its good to eye on global market also... We saw near .5% to 1.5% correction in all major index on friday. If global market will positive than we can see good day in crypto.