45K50K

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. This lowers the probability of significant … [Read more...] about Bitcoin Stabilizes After Sell-Off, Resistance Near $45K-$50K