These news show that Bitcoin is becoming the most requested digital asset as a means of payment and as a means of investment, this boom may take BTC / USD by the end of the year to the level of $ 100,000.
On the technical level, we note that BTC is trading above the 21 SMA and above the 4-hour uptrend channel, showing a strong bullish signal.
The objective in the short term to reach the $ 50,000 psychological level, for this the BTC / USD should remain above $ 46,000 dollars.
In the graph we notice a technical pattern of a bullish flag, the objective of this flag is the $ 50,000 area, this pattern also adds upward force and is very likely to happen in the coming days.
On the other hand, a break below the 21 SMA and a break of the uptrend channel, there could be a correction to the $ 42,250 area.
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Support And Resistance Levels For February 12 - 15, 2021
Resistance (1) $48,919
Resistance (2) $50,834
Resistance (3) $53,571
Support (1) $45,879
Support (2) $44,349
Support (3) $42,184
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