Bitcoin will need to move through the day’s $46,024 pivot to make a run on the First Major Resistance Level at $46,666.
In the event of another extended rally, Bitcoin could test the Second Major Resistance Level at $47,827 and resistance at $48,000.
Failure to move through the pivot would bring the First Major Support Level at $44,861 back into play.
Looking at the EMAs and the 4-hourly candlestick chart , it is a bullish signal.