Bitcoin Stabilizes After Sell-Off, Resistance Near $45K-$50K
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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