BTC will up or down?
BTC is currently trading at 42989 USD which is down of 0.15% from yesterday.
The global crypto market cap stands now at $1.65T, a 0.29% decrease over by yesterday.
The fear greed index is currently at 56, which is at neutral.
The RSI of BTC is trading around mid region.
If we consider the general outlook of the bitcoin, during this Bitcoin halving, BTC would be trading around the sideways.
There are possibilities to move up only after the halving end which is on the cards after April.
Only during the bull run, BTC chart would be showing 5 continuous monthly green candles.
Great news BTC has 5 green monthly candles registered in the chart now.
Mostly the BTC would trade in the sideways as there are no positive news on BTC.
At the upper side, while in the pump, it will be moving towards 45000 USD and further to 49000 USD.
If there is any correction, BTC may go down while 41800 serves as a major resistance. Then 40000 USD, 36000 USD also serves as a good support if it dumped lower.