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Bitcoin’s dominance rose to an early morning high 42.12% before falling to a low 41.83%.

Bitcoin’s dominance rose to an early morning high 42.12% before falling to a low 41.83%. At the time of writing, Bitcoin’s dominance stood at 41.86%. For the Afternoon Ahead Bitcoin would need to move through the $42,891 pivot to bring the first major resistance level at $43,646 into play. Support from the broader market will be needed, however, for Bitcoin to break out from the morning high $42,777.0. Barring a broad-based crypto rebound, the first major resistance level and resistance at $44,000 would likely cap any upside. In the event of an extended rally through the afternoon, Bitcoin could test resistance at $45,000 before any pullback. The second major resistance level sits at $45,112. Failure to move through the $42,891 pivot would bring the 38.2% FIB of $41,592 and the first major support level at $41,425 back into play.

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