Will we see Bitcoin break-through resistance and head towards $50-55K?

Bitcoin Returns Above $40K; Faces Resistance at $45K-$50K

“Bitcoin (BTC) is testing resistance near $40,000 after several breakout attempts over the past three months. The short-squeeze rally lost some momentum this week, although downside appears limited around the $34,000 to $36,000 support zone.

The next level of resistance is seen at the 200-day moving average near $45,000. A successful breakout would yield an initial upside target towards $50,000-$55,000.

Bitcoin was trading around $40,600 at press time and is up 6% over the past 24 hours.”

https://www.coindesk.com/bitcoin-returns-above-40k-faces-resistance-at-45k-50k