BTC/USDT Current Status

Bitcoin remains in breakout and has strong support above 51,000. Right now we are seeing a slight pull back that will (in hopes) likely bounce from its trending supports and moving averages. Listed are two possible scenarios, a dip in RSI and a bouncing from the up tending support line, or a short period of sideways choppy action bouncing in between the local channel until a breakout. We are anticipating a breakout because of the current market sentiment of BTC. A breakdown would be a violation of the trending support line which could lead to a dump further to the breakout support trend around 50-51k. I will update this chart and many more as more candles are produced. Make sure to give a follow and feedback. Thanks for viewing.