BTC is attracting more buyers after reaching $45000. The level may remain a pivot point while further growth is expected.
The support rests at 46203.50 with resistance at 47027.00 which both lines are above the weekly pivot point at 37637.30. The EMA of 10 is moving with bullish bias in the ascendant channel and it is located above the EMA of 200 and above the EMA of 100. The RSI is moving in overbought area, the MACD line is above the signal line in the positive territory and the Stochastic is showing downward momentum. 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 an upward trend.
Buyers can target 50000; in case of price decline, sellers can expect 43500.
