Cryptocurrency Analysis and News Portal
The relative strength index (RSI) on the four-hour chart is declining from overbought territory, similar to what occurred in late December amid a short-term downtrend. This time, however, bitcoin has broken above previous resistance levels, which means the current pullback could stabilize soon. Original Source
Read More
Bitcoin (BTC) buyers and sellers are at a stalemate. The cryptocurrency is trading in a tight range between $35K support and $38K-$40K resistance as upside momentum slows. Still, short-term buyers could remain active. Original Source
Read More
Bitcoin (BTC) is holding support above $37,000, albeit within a narrow trading range.The cryptocurrency is roughly flat over the past 24 hours, changing hands at press time around $38,500, up 3% over the past week.Buyers will need to make a decisive move above the $40,000 resistance level in order to
Read More
Bitcoin (BTC) is rising toward the top of a week-long trading range as oversold signals remain intact. Oversold refers to investors believing the asset is trading below its true value. BTC was trading around $38,400 at press time and is up 4% over the past week.Initial resistance is seen at
Read More
Bitcoin (BTC) buyers have maintained support at the Jan. 24 low of $32,900, and then held above $35,000 over the past few days. Short-term momentum is improving on intraday charts, which could keep buyers active into the weekend.Still, longer-term indicators are neutral/bearish, which could limit upside at the $40,000-$43,000 resistance
Read More
Price action has remained below a downward-sloping 100-period moving average on the four-hour chart over the past few weeks, which indicates strong selling pressure. So far, oversold signals have preceded brief price rises, suggesting limited upside ahead given the persistent downtrend since November 2021. Source
Read More
The relative strength index (RSI) on the daily chart is rising from extreme oversold levels, which could keep buyers active this week. On the weekly chart, the RSI is approaching oversold territory, similar to July 2021, which preceded a strong price rally. Source
Read More
Bitcoin (BTC) buyers remain active, pushing the cryptocurrency over $37,000, which is near the top of week-long price range. Still, upside could be limited around the $40,000-$43,000 resistance zone over the short term.BTC was trading at $37,500 at press time and is up 3% over the past 24 hours.The relative
Read More
Bitcoin (BTC) returned above $35,000 after multiple oversold signals appeared on the charts. The cryptocurrency faces initial resistance at $40,000, which could limit upside over the short term.Bitcoin is up 3% over the past 24 hours after rising from an intraday low near $33,000, while the broader crypto market has
Read More
Bitcoin (BTC) buyers are attempting to reverse a short-term downtrend on the charts.Over the past two weeks, price action has been anchored around the $40,000 support level, which is where buyers previously stepped in ahead of the October price rally.Still, the cryptocurrency could face resistance around $45,000-$48,000 as intraday signals
Read More