(Edited by Greg Ahlstrand)Good morning. Here’s what’s happening:Market moves:Bitcoin opened lower on the first trading day of U.S. equities market, while the stock market gained with Apple briefly hitting a $3 trillion market capitalization.Technician’s take: Price indicators suggest limited downside for BTC over the short-term as selling pressure slows.Catch the latest … [Read more...] about First Mover Asia: Bitcoin Slips Under $46K As Volume Across Major Centralized Exchanges Remains Low
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Bitcoin Oversold Near $46K Support; Resistance at $55K
Bitcoin (BTC) continues to hold support above $46,000, which is near its 200-day moving average. The cryptocurrency could see a brief price bounce toward $55,000 if buyers react to oversold signals on the charts.BTC was changing hands around $47,900 at press time and has traded in a tight trading range over the past week.Price momentum is starting to turn positive on the daily … [Read more...] about Bitcoin Oversold Near $46K Support; Resistance at $55K
Bitcoin Holds Short-Term Support at $46K; Resistance at $50K
Bitcoin (BTC) is holding steady around the $46,000 support level as oversold signals appear on the charts. This means short-term buyers could remain active into the Asia trading day, although upside appears to be limited toward $50,000.The tight trading range over the past two weeks coincided with slowing price momentum. Typically, trading volume declines when prices move … [Read more...] about Bitcoin Holds Short-Term Support at $46K; Resistance at $50K
Bitcoin Rangebound Above $46K Support; Resistance at $55K
Bitcoin is stuck in a short-term downtrend, defined by lower price highs over the past month. However, price indicators suggest selling pressure could slow into the Asia trading day. This means intraday trading volume could rise around the 100-period moving average (currently around $54,500) on the four-hour chart. Source link … [Read more...] about Bitcoin Rangebound Above $46K Support; Resistance at $55K
Analyst enters $32.5K Bitcoin buy order as hodlers bet on $46K BTC price bottom
Bitcoin (BTC) is expected to dip as low as $32,500 in the short term after several crucial support levels faded to nothing on Friday.BTC/USD hit lows not seen since early March on Friday, as analysts line up their prognoses — and buy orders — in the latest Bitcoin price correction.Brandt plans to buy Bitcoin at $32,501BTC pullbacks tend to frighten new investors, while old … [Read more...] about Analyst enters $32.5K Bitcoin buy order as hodlers bet on $46K BTC price bottom