"Breaking $45,000 allows early investors who piled on the bitcoin ETF to be almost in the money, if we continue this ascent we may even see some profit taken and could trigger a reversal where the $42,000/$40,000 level may be tested," said Laurent Ksiss, crypto ETP specialist at CEC Capital.
"Technically speaking, bitcoin has broken out of a range and could be looking for a push to a fresh yearly high through $50,000."
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