Bitcoin Surges 5%, Eyeing $48,000 Resistance
Bitcoin surged above $45,000, breaking a crucial $44,000 barrier and reaching a multi-day peak at $47,306. It now consolidates above $45,000, supported by the 100-hourly SMA and positive Fibonacci retracement levels. Key resistances at $47,000 and $47,200 could pave the way for $48,000 and beyond. Failure may lead to support tests at $46,400 and $45,900, impacting the bullish trend.
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