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

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 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 market before the move up. All in all, 45000 needs to hold and 48000 should stay strong too.