BTC

Trade setup: Bullish breakout from an Ascending Triangle pattern, above $45K resistance, indicates that buyers have now absorbed supply from sellers around this key level and price is ready to resume its Uptrend, with upside to $50K. Stop Loss (SL) level at $41,300 (just below the prior swing low). (set a price alert).

Trend: Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis.

Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.

Support and Resistance: Nearest Support Zone is $38K (previous resistance), then $35K. The nearest Resistance Zone is $45K, then $50K.