After some drama with the SEC’s X account, Bitcoin has continued to stay in line with the short term momentum. A higher low has been established around the 44,500 level (blue arrow). This configuration continues to favor the possibility of a higher high which can be well into the 48K area over the coming days. Also take note of the 4 Hour pin bar, an ideal sign of strength coming off a noted support area. The 48K to 50K area is what I consider a higher probability bearish reversal zone (best for aggressive day trades only). Otherwise use this strength as an opportunity to take profits on other alt coin positions. Also as a reminder the CPI report comes out tomorrow in the early AM EST. Any surprises can have a significant affect on the Dollar, S&P, etc.