Bitcoin trading at a potent resistance level

Bitcoin has broken out of the consolidation range after 2.5 months and is currently trading at a strong resistance level.
Source: Tradingview, Coinbase

Bitcoin is currently trading around the $47,500 resistance level, which has been an important technical area since early 2021. After breaking out of consolidation towards the upside, $45,000 is most likely flipped to a support level.

Link copied to clipboard.