#BTC Update Bitcoin lost the 56k range support as was unable | Uptrend ~Signals

#BTC Update

Bitcoin lost the 56k range support as was unable to breakout from the symmetric triangle. Further breakdown from the expected 53.8k support took place due to Evergrande News, tested major liquidity (demand area) of $42,000 and quickly bounce from there. Btc need to close above $50,000 which is a major support to stay bullish otherwise we will see range trading for few weeks. Market contiune to crash because of Omicron Covid variant and Evergrande News (Chinese FUD). We will see a clear picture by Monday.