Bitcoin hit a new short-term high on Tuesday and is currently quoted at 45700. Data: Bitcoin mining unit computing power and fiat currency revenue hit the highest record in two years. U.S. Senator: A bipartisan agreement has been reached on the taxation terms of encrypted assets. French regulators approved Melanion Capital to issue Bitcoin-linked ETFs in the European Union. AMC plans to start accepting Bitcoin payments before the end of the year. The total size of crypto fund assets reached the highest level since mid-May.
From a technical perspective, the daily candles of Bitcoin have repeatedly set new highs. There is no doubt that the market is bullish. MA daily indicator is strong, showing bullish divergence. H4 graph forms top ladder and keeps moving above the upper band of BOLL. MACD volume strengthens. Overall, prioritise Buy. The chart below is showing the key point and the estimated trend, the deciding point whether to buy or sell is near 44600.
Resistance：46700-48000-50000
Support：44600-43700-42400
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