Bitcoin is still ranging in the area between 46K to 50K. We are currently just under 48.2K, a level we have discussed many times here. Bitcoin has been respecting this range for a few weeks, and we feel its time it made a move either way. The 50K level has remained a barrier to Bitcoin and we must break this to be considered anything serious. We should have support from below in the 45K range as there is a cluster of three levels around here