Bitcoin Market Update -

(530am ET)

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Another strong day for Bitcoin yesterday giving us the highest weekly close in over 2 years. This morning we saw a push into the $48.8k sell wall that I mentioned, where we have seen a 2% rejection so far. Remember this .618 fib level is a big level of resistance. If we get any 4 hour acceptance above $48.8k, then I think we could see $50k - $51k this week- especially if we see continued buying pressure from the ETF's.

Caution on altcoins here- Total2 is sitting right under resistance and BTC Dominance pushing higher. A small correction on BTC will see a big flush on alts.

Ready for another great week!