Bitcoin is in a range between $48,000-$50,000 resistance and $38,000-$40,000 support. It needs to break above or below this range to confirm a trend direction.

The daily chart shows a possible inverse head and shoulders pattern, which is bullish if confirmed by a breakout above $50,000.

The forecast for next week is $40,000-$58,000, depending on the breakout direction. The sentiment is neutral, with 54% of indicators positive.

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