The market is bouncing back but is it the real bounce?
BTC instead of reaching $43k, it rather bounced back from the $44k level. According to the TA, BTC was supposed to bounce from $43k. Well, in this volatile market, we cannot be 100% sure that the market will reach the said target.
Current scenario, if the green candle continues to grow then BTC will try to reach the 21 D MA resistance which is at $46k and a breakout above this MA will possibly lead the price towards the $50k level. A further fall or rejection will pull the price back to the $43k level.
