Bitcoin just did the range breakout. We need to wait for confirmation for the breakout, it may also turn into a fakeout. The good thing is BTC break the daily 100 MA also and close a candle above it after multiple rejection in last days. The daily 50 MA is also turning upwards that shows the buying strength in market.

Buyers are aggressive and the sell-off is well observed by market. The key level to flip is $42,000 and hold above it. Today is monthly candle close and also tomorrow is weekly candle close. Bitcoin is bullish on lower time frames. We will get a clear picture by next week.

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