Bitcoin has pressed higher, though hopes for a bull rally were quickly thwarted as we met resistance just below $45K. Several red triangles on the KRI indicated resistance, and the price action was rounding off. Support at $43.8K broke, and the next level below, $43.1K is hanging on by a thread. If we break down further, we should have support from two strong levels in the 
41K's, then $40K. The target from above to break is $45K, and we aren't convinced of any bull rally until this happens. After that, the next target is $47.4K, where we will be in a better position to consider $50K again.
41K's, then $40K. The target from above to break is $45K, and we aren't convinced of any bull rally until this happens. After that, the next target is $47.4K, where we will be in a better position to consider $50K again.
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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.