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Bitcoin (BTC) continues to hold support above $40,000 as momentum improves on intraday charts.The cryptocurrency is down about 4% over the past week, although multiple oversold readings suggest buyers could remain active into the Asia trading day. As of press time Wednesday, bitcoin was changing hands at $41,822.Still, upside appears
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Bitcoin (BTC) has traded in a sideways range over the past week, although buyers continued to hold support at around $40,000. The next level of resistance is between $43,000 and $45,000, which could limit short-term price gains.BTC is roughly flat over the past 24 hours, as most technical indicators remain
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Bitcoin (BTC) buyers are attempting to reverse a two month-long downtrend. The cryptocurrency declined by roughly 30% from an all-time high near $69,000 in November, and now technical indicators suggest the sell-off is starting to stabilize.BTC was trading around $43,000 at the time of writing, and is up about 3%
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The relative strength index (RSI) on the four-hour chart declined near overbought levels, similar to what occurred in late December, which preceded a pullback in price. Buyers will likely remain on the sidelines until oversold conditions materialize, most likely over the next few days. Original Source
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Bitcoin (BTC) fell more than 2% from local highs during Jan. 13 in the latest move to keep market participants guessing about what’s to come for the largest digital asset. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView“One step at a time”Data from Cointelegraph Markets Pro and TradingView tracked the pullback for BTC/USD
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Bitcoin (BTC) buyers held support around $40,000 as oversold signals appeared on the charts.The recent bounce suggests the cryptocurrency is starting to recover after a near-30% decline from its all-time high around $69,000 in November.The relative strength index (RSI) on the four-hour chart is approaching overbought levels, similar to what
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Bitcoin (BTC) selling pressure is starting to wane after last week’s price dip. The cryptocurrency is holding short-term support at around $40,000, although upside appears to be limited near $43,000-$45,000.BTC is down about 2% over the past 24 hours, although the price action has been fairly muted over the past
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Bitcoin (BTC) remains in a two-month long downtrend, defined by a series of lower price highs.The cryptocurrency was down about 9% over the past week as upside momentum continued to slow.There is minor support around $40,000, which could stabilize the current pullback. However, upside appears limited around the $45,000 resistance
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Bitcoin (BTC) dipped below initial support at $45,000 on Wednesday, but later stabilized around $42,000, which is near the Dec. 5 crash low. Oversold signals remain intact, which suggest selling pressure could subside.Given the series of lower price highs since November, support ranges and oversold readings are viewed as countertrend.
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Bitcoin (BTC) is holding steady around $45,000 – a key support level, near the bottom of a month-long price range. Buyers will need to clear $47,000 to yield a short-term upside target toward $53,000 this week.If support does not hold, a pullback will likely stabilize around $42,000, which is near
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