It was these reports that managed to push the price of Bitcoin by about $ 10K and approx. 25%. Bitcoin thus got through the long-problematic resistance at $ 40K in big style.
But what does the market look like at the moment?
Bitcoin currently has two areas that could act as a , $ 42K and $ 46K. It was in these places where we could see several significant purchases and thus a confirmation of interest from traders.
It is the fact that investors immediately showed interest in buying even at these price levels gives BTC a chance to succeed in the attack on $ 50K. When compared to the situation where BTC tried to beat $ 40K and was immediately sent back to $ 30K, the current situation is much more favorable.
Anyway we must not forget that there are big players in the market who do not respect and can start an avalanche of sales at any time.
Probable N.1 around $ 42K
Probable N.2 around $ 46K
Resistance at $ 48,400
Key support in the area of $ 28K - $ 30K
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