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BTC/USD bulls are here 45000 needs to hold

BTC/USD bulls are here 45000 needs to hold
Nenad KerkezNenad KerkezTop-XE

BTC/USD technical analysis

  • BTC/USD is supported.

  • 45000 is a strong support.

  • M L3 is resistance level.

  • Ideally the price needs to stay above M L4 DAILY CHART BTC/USD.

BTCUSD

1. Previous support zone.

2. The high.

3. Entry signal.

4. Target.

The BTC/USD is currently supported at 45000 and 48000. If bulls manage to keep 48000 M L4 support strong, we should see a continuation move up. Have in mind that the BTC/USD is very volatile market, so pay attention to sudden volatility bursts. M L3 is a strong resistance zone. If the price makes a close above 53655 M L3 camarilla pivot, expect a continuation move towards recent highs. However, we could see some range-bound markets before the move up. All in all, 45000 needs to hold and 48000 should stay strong too.

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Nenad Kerkez

 

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