BTC traded in a range-bound manner over the weekend, with low volumes. Profit booking has been seen at higher levels. It’s still holding strong at $46k. BTC’s dominance is 40.69%, and its market capitalization stands at $870bn.
BTC trades at $46,090 as of the writing of this article.
BITCOIN is now trading in an uptrend, having broken the resistance of $45,500 for the longest time and reaching the peak of $48,189. BTC consolidates and trades in a range of $45,500 to $57,500 after this move. An increase in the price can result in a rally. Prices can rise to $52,500, while $45,500 and 200-day Moving average can provide strong support. The bulls are in control if the Moving Average rises and the RSI is above 50. Key Levels:
Support 2Support 1AssetResistance 1Resistance 2$39,500$45,500BTC$52,500$60,000
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