Bitcoin Technical Analysis Report

Over the weekend BTC was trading fairly range-bound with low volumes. The asset has seen profit booking from higher levels. However, it’s holding and sustaining strong at $46k. BTC dominance is 40.69% and market capitalization is $870bn. 

At the time of writing, BTC is trading at $46,090.

BITCOIN is trading in an uptrend after breaking the long-held resistance of $45,500 and making the high of $48,189. Post this move, BTC is consolidating and trading in a range from $45,500 to $47,500. A close above $48,300 can lead to a further rally and the prices can surge up to $52,500 whereas $45,500 and the 200 Day Moving average will act as strong support for the asset. A rising Moving Average and RSI above 50 indicate that the bulls have the upper hand.

Key Levels:

Support 2Support 1AssetResistance 1Resistance 2

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