Bitcoin surged above $45,000, breaking a crucial $44,000 barrier and reaching a multi-day peak at $47,306. It now consolidates above $45,000, supported by the 100-hourly SMA and positive Fibonacci retracement levels. Key resistances at $47,000 and $47,200 could pave the way for $48,000 and beyond. Failure may lead to support tests at $46,400 and $45,900, impacting the bullish trend.
Xu Lin
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BitcoinistBitcoin price action seems willing to consolidate recent gains, with the yearly open still viewed as the crucial level to maintain.
CointelegraphAnalysts are mostly bullish on BTC’s short term price action, even if a retest of the $45,000 level must happen first.
Cointelegraph