Trade setup: Price is in an Uptrend. Price broke back above 45K to signal resumption of an Uptrend and is approaching our near-term target of 50K. Now we wait for price to either 1) break above 50K to signal continuation of uptrend, or 2) pull back near 45K support for a swing entry in Uptrend with upside potential back to 50K. The approvals of 10 Bitcoin Spot ETFs may finally be working in BTC’s favor. Wanna know which altcoins will benefit from BTC and ETH rise? Read our research report.
Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance: Nearest Support Zone is 45K (previous resistance), then 40.5K. The nearest Resistance Zone is 50K.