Bitcoin’s price has surged to $46,000 and there are indications that it could reach $48,000 in the near future. The cryptocurrency has been able to break through resistance levels at $44,500 and $45,000, trading above the 100 hourly Simple Moving Average. A bullish trend line has formed, providing support at $45,480. If Bitcoin manages to clear the $46,000 resistance zone, it could continue its upward momentum. The next resistance levels to watch out for are $46,200 and $46,850, with a potential target of $48,000. However, if Bitcoin fails to break above $46,000, a downside correction could occur, with support levels at $45,500 and $44,400. It is important to conduct thorough research and consider the risks before making any investment decisions.
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Bitcoin Price Climbs To $46K, Uptrend Could Extend To $48K?
