The Bitcoin market is like a man that can surprise you whenever he wants , just some days ago the bitcoin market went bearish and it even fell below the $40000 price mark and some analysts were already making predictions that we will see a $30000 before end of this month but it seems the bitcoin market have reversed from its previous bearish trend and its now bullish and probably heading to $50000.
The MACD have confirmed the current bullish trend on the bitcoin market which is also evident on the MACD indicator , the volume also shows the green colour which confirms the buying volume and that makes the bullish signal to be valid pending the time the bitcoin market decides to reverse again but for now it is bullish..
There is a strong support at $39650 , before the end of the week we should be able to see a $46000 bitcoin price, and I also like the fact that most of the other cryptos have also become bullish too...so generally the crypto market is bullish at the moment..
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Hope to see where the market stays at the end of the week. It would sure be good to see btc at $50k or even more, that would be a nice surprise.
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All is needed is for the volume to increase in correlation with the current bullish movement...