#Dec 22: Bitcoin: As mentioned in our chart base on Dec 19, We saw a good bounce in BTC on Tuesday and price reached near $49500 which is major resistance on long down trend channel.
On Monday, we saw big correction in global market in all index ASIA, Europe and USA, All major index dropped from 1%-3%. BUT BTC was stable, strongly near $46000 and along with global market ,we saw near $3000+ bounce on Tuesday.
$49500 is major resistance and breakout above this zone will push price between $52000-$53.5k which is next important level for BTC.
We can see bullish RSI divergence and Bullish MACD in 1 day chart and breakout for $49500 with good volume can be big for market in coming days.
On down side BTC have short term support at $48k on 1 hr, $45k support on 1 day and long term support at $40k.
If USA market stays Stable in coming days than we will see good bounce in market.
