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Bitcoin has carved a meaningful upswing through $44,500 after having dropped to $39,500 lows on January 10, 2022. The crypto has further pulled back toward $41,800-900 mark over the past week. Ideally, the next leg should be higher from here and push through $48,000 and $52,500 mark going forward. A break above $44,500 mark will accelerate higher.
Bitcoin bulls are looking poised to hold above $39,500 lows and push through $52,500 at least, before deciding on a further direction. Even if a major top is in place around $69,000 levels, a minimum push through $52,500 remains possible. On the other hand probability remains high for a new all-time high above $52,500 mark.
Either way, we would like to maintain our bullish projection at least toward $52,500 mark if now higher. Immediate price resistance is seen at $48,000 mark, followed by $52,500, while support is fixed around $39,500 respectively.
Potential rally toward $52,500 against $39,500
Good luck!
¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.
