Bitcoin has regained the highs of the range, testing $46K. We see two red triangles at this level which are suggesting that we are starting to see resistance, but currently we are seeing a bit of momentum come through. We should have support at $43.1K, which is broadly the mid point of the range. If we retrace the entire range, we will find further support at $40K. Targets above include $47.4K and $48.2K
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.