BTCUSD recently reversed up from the support area located between the key support level 45320.00 20-day moving average (former resistance from February and March, which has been reversing Bitcoin from the end of March, as you can see from the daily Bitcoin chart below) and the 38.2% Fibonacci correction of the previous upward impulse from the start of March.
Given the strongly bullish sentiment that can be seen across the cryptocurrency market - Bitcoin prices can be expected to rise further toward the next resistance level 48325.00 (top of the previous waves 1 and (2)).
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