Bitcoin is about to break through $50,000 for the first time since September 6. At the time of writing, BTC is trading at $49,400, with bullish momentum building for gains of up to $55,000. However, traders should be aware of seller congestion between $52,000 and $53,000, which could be a major stumbling block in the first week of September. Based on the technical indicators used, such as the MACD and RSI, the slightest resistance path is upward.