BTCUSD

Bitcoin traded above $49,000 for the first time since December 2021 after the US regulator approved funds traded on the Bitcoin exchange and ETF orders started coming in. After a major correction, it fell to 41,000 levels, completing exactly the 20% correction we were expecting. Much more active times await us as there will be both a halving process and an exchange ETF application process for ETH and XRP. Yesterday, over $6 billion entered the exchange ETFs. This figure seems quite sufficient and determines our target area as $70,000 for the future. Support: 41,400 Resistance: 43,400