The first quarter of the 2021 selloff and sideways trading range is over. Bitcoin finally broke the 45k handle and is now trading in the 45k handle. This is significant because the price held high over the last 24 hours and suggests that there is likely going to be more upside in bitcoin and cryptocurrencies for the week to come. Bitcoin is currently sitting at a 38% fib level with a MA resistance at 48500. If the 48k handle gives away we will likely trend towards the key resistance at 50k, which should also put the market cap of bitcoin near the 1 trillion dollar mark again.