Key support Zone: 44711-46654

Key Resistance Zone: 54090-55663

BTCUSD is bullish now and we have seen a strong rally from the support at $41550. The price of Bitcoin has broken above the resistance level at 41550 to reach new highs. BTCUSD is currently trading above the Ichimoku cloud which indicates that the price of BTC is likely to rise further in coming days.The next target for BTCUSD is $47000. A break below $41550 could lead to a test of $38000 followed by another attempt at the upper boundary of the range near $55000.

If you want more information about trading stocks or forex, check out my trading channel on telegram 50 Pips a day Profit

Disclaimer: This content is strictly for informational purposes only and does not constitute investment advice. Trading in any financial market involves risk.