BTC/USD - BTC/USD CME chart
On the left-hand side, we have the regular Bitcoin chart since the 29K bottom price has formed higher lows and higher highs with price tapping the 50K resistance.
Longing at resistance is very risky, so I am happy to wait and see how the price closes on this weekly candle and for the price to reclaim $50K as support before considering any longs; this goes for alts too.
On the left-hand side, we have the CME chart, which closed at $48645, which means there is no significant cap to close come Monday.
