Breaking Resistance: Analyst Anticipates MATIC Surge – Here's Why
Analyst predicts potential surge in MATIC price contingent upon resistance breakthrough, amidst caution over potential profit-taking triggering corrections.
![image Cheng Yuan](https://image.coinlive.com/24x24/cryptotwits-static/d72925aa1ab0dd6c7c2d9d35f3cce279.png)
Analyst predicts potential surge in MATIC price contingent upon resistance breakthrough, amidst caution over potential profit-taking triggering corrections.
Bitcoin surged above $45,000, breaking a crucial $44,000 barrier and reaching a multi-day peak at $47,306. It now consolidates above $45,000, supported by the 100-hourly SMA and positive Fibonacci retracement levels. Key resistances at $47,000 and $47,200 could pave the way for $48,000 and beyond. Failure may lead to support tests at $46,400 and $45,900, impacting the bullish trend.
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