On Monday, Bitcoin continued yesterday's trend where the market strengthened after reaching bottom position, testing $44337 and currently trading at around $43930. The total market capitalization of cryptocurrencies is US$2.01 trillion, and the market capitalization of Bitcoin accounts for 40.7%. 86% of central banks in the world are trying to create a digital currency, nearly 60% are studying this concept, and 14% have launched a pilot program. The Fed remains skeptical about the effectiveness of central bank digital currencies. Addresses holding more than 0.1 Bitcoin hit a 4-month high.
On daily graph, bitcoin weakened to 40000 but met resistance. Above 45000 became a key point. H4 graph shows that Bitcoin repeatedly fluctuated and tested the low position. Bitcoin is currently stable on middle BOLL band. The overall indicator was neutral. Overall, prioritise operation within the fluctuation zone. The chart below is showing the key point and the estimated trend, the deciding point whether to buy or sell is near 45000.
Resistance：45000-45900-46800
Support：43000-41500-40000
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