Earlier this week, the Bitcoin price gave a strong breakout above $45,000 and continues to hold above this level.
Analysis from crypto expert Ali Martinez shows that Bitcoin is maintaining its position above the $44,900 mark, and the ongoing buying pressure in this range could potentially drive a surge towards the $49,000 mark. The resilience of this key support level is deemed crucial for Bitcoin to sustain its upward momentum.
With #Bitcoin holding steady above $44,900, sustained buying pressure at this level might fuel a push toward $49,000. This key support holding firm is crucial for $BTC to continue the upward momentum. pic.twitter.com/9GI8EaPng4
— Ali (@ali_charts) January 3, 2024
