MicroStrategy and Tesla are the two large corporations which are showing great interest in bitcoin.
The support rests at 46773.20 with resistance at 50744.90 which the weekly pivot point at 48031.40 is located in between the lines. The EMA of 10 is moving with bullish bias in the horizontal channel and it is located above the EMA of 200 and the EMA of 100. The RSI is falling towards level 50, the MACD line is above the signal line in the positive territory and the Stochastic is moving in high ranges. The ADX is not showing any clear signals. The price is above the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
BTCUSD has been fluctuating within the support and resistance lines. The direction is mostly determined by the large companies. A huge decline is expected if massive number of coins are sold.