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BTC analysis – where is the next target if the price exceeds $ 52,000?

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BTC continues in a growing trend in the short term, but still failed to reach the $ 52,000 high. However, the price has reached the third rising minimum and short-term highs are also rising. Where is the next one resistance and what could the development of the price chart look like in the coming days?

BTC respected resistance at $ 52,000, but fell only slightly and is growing again. If the price manages to overcome this resistance, the next target will be resistance at the level of about $ 54,300. This is likely to happen, as the price does not seem to halt the rising trend in the short term.

BTC / USD 4HBTC / USD 4H. Source: TradingView

BTC continues to grow

Probably the most important thing is that day 23.12. the price was able to overcome the resistance from the maximum correction and so she ended it. This has created a long-term bottom and now the price does not have to go into a purely growing trend, but there is also sideway structure. That would happen if the price didn’t exceed $ 52,000. It would be an accumulation shopping area.

If, on the other hand, the price manages to exceed $ 52,000, then the price continues to grow. We do not yet know whether this trend will overcome ATH on the first try or will be accompanied by corrections. It is also possible to create a correction structure, where they would subsequently form long – term rising lows and not just short-term.

All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

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