Market Update-

#BTC will Reach $53k soon.

The analysis provides a big picture view of #Bitcoin's recent performance, noting the successful breakthrough of the critical global resistance at $46,000 and a positive weekly close. $BTC is now entering a new potential range, with $46,000 identified as the new local support and $60,800 as the new local resistance, representing a challenging key level.

Two important levels to monitor are the local support at $46,000 and a support range between $45,000 and $44,000. Positive market movements around these levels, such as a deviation or reclaim, may present buying opportunities.

Additionally, #BTC has reached the significant round number of $50,000, with substantial sell orders observed around this price on Coinbase.

Overall, the analysis emphasizes a #BullishTrend , highlighting key support and resistance levels for traders to monitor in their decision-making process.

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