Bitcoin price outlook after BTC shatters $45,000

After a break above $45,000, Bitcoin price is trading within the supply zone between $44,235 and $46,715. To confirm the continuation of the uptrend, the king of cryptocurrency must record a candlestick close above the midline of this order block at $45,451.
A decisive candlestick close above this level could see BTC extend the gains to the $48,000 blockade, or in highly ambitious cases, extend a neck higher to the $50,000 psychological level. Such a move would constitute a 10% climb above current levels.
The Relative Strength Index (RSI) is northbound, pointing to rising momentum. Its position above 50, coupled with the green histogram bars of the Awesome Oscillator (AO) and the Moving Average Convergence Divergence (MACD), accentuates the bullish thesis.
On the other hand, if profit booking takes place as traders look to cash in the gains made over the last couple of days, Bitcoin price could descend to lose the support offered by the 50-day Simple Moving Average (SMA) at $43,015. An extended fall could send BTC to the $43,750 support or, in a dire case, $41,880.
If these levels fail to hold, Bitcoin price could dip into the demand zone between $38,496 and $39,895. A slip below this order block could see BTC test the $37,800 level. For the bullish outlook to be invalidated, however, Bitcoin price must break below $30,000.
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