Will Bitcoin Break $45,000?

As of the time of this writing, Bitcoin (BTC) is up 7% over the past 24 hours and sitting at just over $43k.

Bitcoin, BTC to USD, rallied by 4.80% on Friday. Following a 2.89% gain on Thursday, Bitcoin ended the day at $42,854.0.

A bearish start to the day Friday saw Bitcoin fall to an early morning intraday low $39,900.0 before making a move.

Steering clear of the first major support level at $38,353 Bitcoin rallied to a late afternoon intraday high $43,385.0.

Bitcoin broke through the first major resistance level at $42,387 to end the day at $42,800 levels.

Bitcoin would need to avoid the $42,046 pivot to bring the first major resistance level at $44,193 into play.

Support from the broader market would be needed for Bitcoin to break out from Friday’s high $43,385.0.

Barring a broad-based crypto rally, the first major resistance level and resistance at $44,500 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $46,000 before any pullback. The second major resistance level sits at $45,531.