Bitcoin’s powerful rally continues today and reaches as high as 48276 so far. 50k handle is the next target and overbought condition might limit upside on first attempt. Break of 45600 minor support will indicate temporary topping and bring consolidation first.
But even in case of pull back, downside should be contained by 41964 resistance turned support to bring rally resumption. Current up trend is expected to target 100% projection of 17629 to 41964 from 29283 at 53618 next.
