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  • 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.