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Bitcoin analysis - 45500 support and if it holds then a rise to 50000 and higher

Does 70k loom for Bitcoin (BTC) soon?

Looking at BTC the 2 hour chart has decent looking support at the 45500 level and if this holds then we should see a rise towards the 50000 level in fairly short order. Above this we still look to be on a path to new highs around the 70k level and at this point we may well see another sharp drop.

[caption id="attachment_16828" align="aligncenter" width="821"]Bitcoin 45000 support Bitcoin 45000 support[/caption]