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% over the past week.Support is seen around the $40,000 price … [Read more...] about Bitcoin Holding Support Above $42K; Resistance at $45K-$47K
42K
How low will BTC price go after failing at $42K resistance?
Bitcoin (BTC) has seen an impressive rally of 44% with ten green days in a row. This rally and the substantial number of green days resulted in a sentiment shift. Practically two weeks ago, the market was comparable to a funeral, with many expecting more downside to $20,000. However, the sentiment completely shifted after the breakout above $31,000. The current sentiment is the … [Read more...] about How low will BTC price go after failing at $42K resistance?