Bitcoin Bulls Eye $ 46K

Bitcoin(BTC) is holding its support above $42K over the past two days.

The bulls are gearing up for the upcoming options expiry and will try to defend it above $42K. BTC is not showing any recent pullbacks and is in a phase to reverse a four month long downtrend.

If the price closes above $44K it will trigger a fast move towards $48K.

Although, it may face initial resistance at the $46K level.