Bitcoin tested the $47,300 resistance area and now trading above $47,000. The daily candle also close above $47,000 which is good sign. Bitcoin golden cross is happened and 50 MA is now above the 200 MA. Bitcoin need to break and hold above $47,300 to go towards the $49,000-$50,000 resistance area.
The total market cap bounced from the support. Also Bitcoin bounced from the $44,000 levels. Market is bullish as long as total market cap holding above $2 trillion support. The major resistance is $2.4-$2.55 trillion area and after a breakout of this we see good rally in crypto market.
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