Bitcoin is about to break its $49,000 resistance, which could take it to the next barrier around $50,000. However, this resistance is more of a psychological issue, since, in fact, on the chart there is no precise resistance at 50,000, but rather at 52,000 dollars. However, it is common in the market to find psychological barriers in round numbers, as is the current case.
It is believed that with BTC breaking through this impending resistance, we could quickly reach $52,000 and then see price consolidation for a period, allowing the Relative Strength Index (RSI) indicator to stabilize. The price is expected to fluctuate between 52 and 48 thousand dollars before reaching the 60 thousand dollars mark.
