Bitcoin is heading towards the resistance of $45,000. There is 21 weekly MA and daily 200 MA near $45,000 area. The major resistance zone is $44,500-$45,000 and BTC need to break and hold above this to go towards $48,000. Wait for weekly candle close.
The yellow line is 200 daily MA and also the weekly 21 MA is near $44,500 area. This is heavy resistance zone and may take some time to break. We may see a break by next weekend. If BTC hold above $40,000 then we see good rally in altcoins.
Bitcoin Funding rates again turning positive. The Funding rates are still too low as compared to February levels.
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