The BTC price has looked so bullish in the last few days, and it seems that the $50k level can be easily broken soon. So I also think that the range of $50k to $55k, as well as the range of $55k to $60k, looks tempting to place a bet even though there is still quite a lot of time before the end of the month.
Hehe, I hope the sexy number of 69k USD get broken soon and we will be holding on a new record all time high then. However its a long path to that from 50k and 50k USD itself needs to be touched.
What I saw from the charts, 48k USD was a resistance point where immediate drop happened and hence there are selling order at that level and it will be difficult to cross that. Even if it does cross 50k USD will undoubtedly have its own selling pressure and every 5-multiple after that.
Hence making a prediction of breaking 50k does bring in some turned eyebrows.