BTC got rejected from $49200 and currently it is holding the 21 MA support level. It is possible to see a rejection till $47700 and then a bounce can be expected.
Keep a note: BTC breaking down below $46600 will be critical and it would drop the price back to $45k level.
Be watchful. We are still bullish but also keeping an eye on all possible scenarios.
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I see more probable a continuation of the rising movement, towards 53k. That seems really likely to me. But in the market, we are sure just once the movement has happened!