- BTC/USD extends the heaviest jump on record towards $50,000.
- Tesla's favor to the crypto major adds strength to the market optimism.
- 50-day SMA offers key support, overbought RSI may probe bulls.
Bitcoin bulls are unstoppable around $45,000, following its run-up to $45,064 latest, while refreshing the all-time high on earely Tuesday.
The BTC/USD rallied heavily on Monday after Tesla announced that it had previously bought $1.5 billion worth of Bitcoins, pushing the price to update historical highs of $43K. Even more optimistic is the announcement that the company will consider accepting bitcoin as a payment for its cars.
Technically, the crypto currency leader remains above 50-day SMA and has a strong back-up of MACD. However, overbought RSI condition may warrant the bulls to catch a breather.
As a result, pullback in moves, if any, needs to break below the previous record of $41,987, marked in January, to recall the short-term sellers.
Meanwhile, the $50,000 round-figure seems to gain the BTC/USD bull's attention, for now.
BTC/USD daily chart
Additional important levels
|Today last price||44741.89|
|Today Daily Change||5873.05|
|Today Daily Change %||15.11%|
|Today daily open||38868.84|
|Previous Daily High||39723.86|
|Previous Daily Low||37390.41|
|Previous Weekly High||38758.32|
|Previous Weekly Low||32206.92|
|Previous Monthly High||41987.21|
|Previous Monthly Low||27772|
|Daily Fibonacci 38.2%||38281.79|
|Daily Fibonacci 61.8%||38832.49|
|Daily Pivot Point S1||37598.21|
|Daily Pivot Point S2||36327.59|
|Daily Pivot Point S3||35264.76|
|Daily Pivot Point R1||39931.66|
|Daily Pivot Point R2||40994.49|
|Daily Pivot Point R3||42265.11|
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