The price of Bitcoin (BTC) has surpassed $40,000 on Wednesda, breaking above a key sell area for the first time in five days.
Traders expect a broader rally to come and a bullish market structure to form if Bitcoin continues to rise above $42,000 and Ether (ETH) reclaims $3,000.
$42,000 and $49,000 are key resistance levels
Bitcoin has been recovering over the past week due to three major factors.
First, Tesla CEO Elon…
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