Bitcoin
Bitcoin regained traction and climbed for the third consecutive day, with the price holding at the highest in nearly one month on Thursday.
Break above a week-long consolidation range signals continuation of broader recovery leg from 38501 (2024 low posted on Jan 23).
Fresh bulls pressure pivotal barriers at 45000/45023 (psychological/daily cloud top / Fibo 61.8% of 49054/38501 correction), break of which would generate strong bullish signal for extension of the third wave of recovery phase from 38501 and expose targets at 46000 (round-figure) and 46564 (Fibo 76.4%).
Meanwhile, expect bulls to face increased headwinds at 45000 zone and probably take a breather on partial profit-taking, with limited dips to be ideally contained by 43800/700 zone (former high of Jan 30 / broken Fibo 50%) and offer better buying opportunities.
Res: 45023; 45523; 45946; 46564.
Sup: 44123; 43856; 43778; 43221.
