The largest Cryptocurrency is currently trading at $43,850, closing the gap to $44,000. Earlier this week, Bitcoin bulls fought tooth and nail to defend the $40,000 support level. A daily close above this immediate resistance level would validate another break above $45,000. Speculation is likely to increase for gains in excess of $48,000 and up to $50,000. The 50-day SMA recently crossed above the 200-day SMA, forming a golden cross pattern.