Update: BTC breaks the small trading range and now trading a | CryptoQuant Alert

Update:

BTC breaks the small trading range and now trading above $50,000 level. The next resistance area is $51,000-$52,000. A lot of traders are shorting at $50,000 level and we may see a short squeeze also to liquidate overleveraged positions and hunt stop loss. The support levels are $49,500 and $48,000 for now.