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Welcome to this BTC /USD update. BTC is rejecting from the 45k resistance once again and drops to the support at $42,800
45k is become very important resistance for BTC. For further bullish movement BTC has to break and close above this resistance level. Currently it is bouncing from the $42,800 support. If BTC able to hold this support then this time it will surely breaks the resistance of 45k and moving towards 50k
If in any case BTC breaks below the support of $42,800 then our next support is $40,800
IMPORTANT NOTE:- As of now BTC looks good in all time frames and looks it will ready to going in an upward direction. All we need is hold the support level of 39K-40k Still the main and very important resistance for BTC is 53k. Unless and until BTC did not close above 53k we are not entered in full bullish mode.
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