Bitcoin is rejecting from the daily 200 MA and weekly 21 MA. This is heavy resistance zone and rejection is expected. Bitcoin is trading above $43,000 which is a good sign and we may see another retest of $45,000 resistance area this week. BTC can retest the $42,000-$42,500 support area as well.
Bitcoin again above $45,000. BTC need to hold above $45,000 and close the daily candle above 200 MA (yellow line). This could be a fakeout so wait for at least two days. The next major resistance are $48,000 and $50,000. The overall market is bullish.
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