Bitcoin price pulled back a bit during the Thursday session, which is not a huge surprise, because the market went higher for several days in a row, then stopped for a bit. But after we've pulled back towards the $44,000 level, it makes sense for us to have some negativity, or at least a bit of profit taking. Now that we're starting to see that, the market is likely to go lower to get massive support.
Support: 45437 – 43141 – 42274
Resistance: 48863-50000-52000
Direction: upward
If the bitcoin price breaks through the $46,701 levels, it may target the $50,000 levels.
The $50,000 level is undoubtedly a huge number, and an area that has provided a lot of support in the past, so it should offer resistance. I think it may take a while to get there, but it certainly seems to be the goal.
Bitcoin price today is trading near its highest price today at $46,463 levels, while its lowest price is at $43832 levels.
Support: 45437 – 43141 – 42274
Resistance: 48863-50000-52000
Direction: upward
If the bitcoin price breaks through the $46,701 levels, it may target the $50,000 levels.
The $50,000 level is undoubtedly a huge number, and an area that has provided a lot of support in the past, so it should offer resistance. I think it may take a while to get there, but it certainly seems to be the goal.
Bitcoin price today is trading near its highest price today at $46,463 levels, while its lowest price is at $43832 levels.