The price of Bitcoin (BTC) has broken through $45,000 for the first time in nearly two years as the market prepares for a widely expected approval of a spot Bitcoin exchange-traded fund (ETF). Bitcoin climbed rapidly from a price of $42,000 on Jan. 1, surging more than 6% in the last 24 hours and 170% over the last year, per CoinMarketCap data. Bitcoin is up 6% in the last 24 … [Read more...] about Bitcoin price breaks above $45K, days ahead of potential ETF approval
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Bitcoin Rises from Oversold Levels; Faces Resistance Near $45K
BTC is the most oversold since Dec. 10, according to the relative strength index (RSI) on the daily chart. Typically, oversold readings precede price recoveries, similar to what occurred in late-September. This time, however, price reaction to the RSI and other indicators has been delayed. Source link … [Read more...] about Bitcoin Rises from Oversold Levels; Faces Resistance Near $45K
Bitcoin Stabilizes Above $40K Support; Resistance Near $45K
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 few days.The relative strength index (RSI) on the four-hour chart … [Read more...] about Bitcoin Stabilizes Above $40K Support; Resistance Near $45K
Bitcoin Oversold Within Downtrend; Resistance at $45K
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 level. This means buyers could quickly take … [Read more...] about Bitcoin Oversold Within Downtrend; Resistance at $45K
Bitcoin Steady Near $45K Support; Resistance at $53K
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 the Dec. 5 crash low. For now, the relative strength index (RSI) on the daily … [Read more...] about Bitcoin Steady Near $45K Support; Resistance at $53K