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BTCUUSD- Trend line breakout and bullish divergence

Bullish divergence ( CCI(50))

BTCUSD regained its positive momentum and surged more than $4000 on upbeat market sentiment.

Technicals-

Major support- $27500. Any break below will take it to the next level at $25000/$23800/$23300 if possible.

Bull case-

Primary supply zone -$30000. The breach above confirms minor bullishness. A jump to the next level of $32375/$36300/$40300/$41349 is possible.

Secondary barrier- $42600. A close above that barrier targets $48800/$50000.

It is good to buy on dips around $27500-600 with SL around $24500 for TP of $35000/$40000.

Trend Analysis

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