- Bitcoin price flashed a buy signal on the weekly chart.
- The bullish formation has helped BTC rebound from the $30,000 support level.
- Further buying pressure could push the pioneer cryptocurrency to $49,000.
Bitcoin price needs to break above $42,000 to advance higher. Both technical and on-chain metrics suggest the bullish impulse is underway.
Bitcoin price to make a higher high
In the following video, FXStreet’s analysts evaluate where Bitcoin price could be heading next as BTC tries to break through massive resistance.