Bitcoin Holds Support Above $44K; Resistance at $48K-$51K

For now, BTC is testing support around its previous breakout point at $45,000. Upside exhaustion signals, per the DeMARK indicators provided a timely countertrend reversal set-up earlier this week, although a continuation of that sell signal has not been confirmed. That means price action is currently neutral, pending a decisive break above or below the five-day price range.