50K55K

Bitcoin (BTC) sellers remain active despite signs of short-term support on the charts. The cryptocurrency was trading around its 200-day moving average, currently at $46,000, and is roughly flat over the past week. Upside appears to be limited given strong resistance between $50,000-$55,000.On the daily chart, bitcoin registered a downside exhaustion signal, which suggests a … [Read more...] about Bitcoin Limited to $50K-$55K Resistance as Momentum Slows