Quote from: Hippocrypto on August 28, 2021, 10:45:04 PM

Quote from: Bex500 on August 24, 2021, 09:14:04 AM

On the daily chart, Bitcoin has been trading inside a rising wedge pattern for the past few days. The bulls flipped the $49,000 level to support on Aug. 23 and pushed the price above the psychological level of $50,000. After crossing above EMA100 line, BTC found support on the MA20 ($45.9k) . The relative strength index (RSI) is near overbought levels, which could encourage profit taking around resistance. However, Upside momentum is strengthening on the daily chart, which suggests buyers are in control. The critical zone bitcoin needs to reclaim is $55,000-$58,000.

More details:https://www.bex500.com/college/category?cid=57&aid=299

For me, I would love to see price surpass $50k once again and after the wave five resistance break that's the time btc stabilize within range of $50k to $60k attempts.
On this stage, momentum became stronger and we will be able to see a great pumps in the near future and have another Bitcoin ATH.

Me as well, the physiological effects of this momentum once breaking $50K zone will impacts to most newcomers, they will see the benefits once they invest their money in this market.

News will come out all over the net and again regain the attentions of many investors to come along and start taking their own journey to this industry.