Bitcoin crucial long-term support $50K next week

 All that keeps Bitcoin price action from its coming corner is a fresh dip below$ Bitcoin (BTC) consolidated above 2022 yearly open on April 2 after a return to form compactly saw bulls reclaim$.

BTC price holds" pivotal" long-term support

Data Markets Pro and TradingView showed BTC/ USD circling$ Saturday on the reverse of a clear brio at long-term support.

The brace had dipped to lows of around$ Friday, these nevertheless shortlived as positive sentiment took control into the Wall Street open.

with intent to retain recently flipped support verified, the odds were on for an attack on$.

" Pivotal area held up for Bitcoin, in which durability overhead seems likely," he epitomized to Twitter followers on the day If we visit the$ 45k range again, I suppose it's a sign of weakness and we'll go$ 40karea.However, also$ 50k coming week might be likely, If we don't.

PlanB, the critic behind the popular stock-to-inflow grounded Bitcoin price models, meanwhile noted uninterrupted strength in Bitcoin's relative strength indicator (RSI).

bullish RSI performance had accompanied price squeezes throughout recent weeks.

Reserve Risk metric stays in the" outsized" returns zone

Throughout March, meanwhile, one on-chain metric began to deliver ever-stronger buy signals for BTC/ USD.

Reserve Risk, which offers a suggestion of when to invest to guarantee" outsized" returns over time, remained in its target zone this weekend after further than four weeks.

While showing signs of trending up, Reserve Risk suggested that the recent price rises weren't the end of the story on advanced timeframes.