Daily analysis(TA): Btc price set a downside correction!

Bitcoin price above the $50,000 resistance. BTC extended its rally above the $51,000 and $51,500 resistance levels before broke this 2 resistance and make a main important support near the 50500$ level, any more losses will might lead the price towards 49500$ support level.
BTC bounce in the support level 50500$ and it will bi abel to scale above the 51500$ and 52300$ resistance levels.

Hourly MACD – The MACD is in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now well above the 50 level.

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