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Bitcoin's Rally Faces Initial Resistance at $45K-$47K, Support Is at $40K

BTC has confirmed a break above its two month-long downtrend.

Bitcoin daily price chart shows support/resistance with RSI on bottom panel (Damanick Dantes/CoinDesk, TradingView)
Bitcoin daily price chart shows support/resistance with RSI on bottom panel (Damanick Dantes/CoinDesk, TradingView)