A not long time ago price declined to the support zone, which coincided with support 2, and at once rebounded up. Next, the price rose to 44400 points, after which started to decline to support 2. When the price fell to support 2, it at once rebounded and made a strong impulse up to support 1, which coincided with one more support zone. But BTC in a short time declined back to support 2, after which it entered to wedge, where the price rebounded from the trend line and made a strong impulse up to the resistance line of this pattern, breaking support 1 again. After this, the price made a correction movement and then in a short time back up, and now Bitcoin trades near the resistance line of the wedge. I expect that the price will reach the resistance line and then start to decline to the support zone inside the wedge. Therefore I set my target at the 45800 level, which is located in the support zone.
📊QUICK FUNDAMENTAL LOOK
Bitcoin's price rose Thursday, as the first spot bitcoin ETFs in the U.S. started trading after the Securities and Exchange Commission approved them yesterday. The price of the world's largest crypto currency by market capitalization rose 7.6% to $48,517 at 9:45 a.m.
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