Bitcoin is holding a narrow range in between $45K and $48.9K. We are currently establishing value in the mid/upper $40K handle which is a good sign for BTC that it has not considered testing the lower $40K's or upper $30K's again. The longer we hold this range, however, the more likely a breakout will become. We could see support from $43.8K or $41.9K if we break down. Watch that vacuum zone below. If we break out, our next target is $49.7K
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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.