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
53K
Bitcoin Drops Below $56K as Momentum Slows; Support Around $53K
Bitcoin (BTC) sellers were active on Friday, pushing the cryptocurrency toward the bottom of its weeklong price range. Lower support near $53,000 could stabilize the current pullback.BTC was trading around $55,000 at press time and is down about 2% over the past 24 hours.Upside momentum is starting to slow on the daily and weekly price charts, which means upside could be … [Read more...] about Bitcoin Drops Below $56K as Momentum Slows; Support Around $53K
Bitcoin Struggles Near Resistance; Support at $53K
The short-term downtrend in BTC is defined by a series of lower price highs since Nov. 10 as seen in the chart above. Recently, oversold signals appeared on the charts, which could encourage short-term buying from the $53,00 support level. A decisive break above $60,000 would reverse the short-term downtrend. Source link … [Read more...] about Bitcoin Struggles Near Resistance; Support at $53K
Bitcoin risks lowest weekly close in 2 months but BTC buyers stock up at $53K
Bitcoin (BTC) hovered around $54,000 on Nov. 28 as the upcoming weekly close showed signs of hitting two-month lows.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBuyers keen at $53,000Data from Cointelegraph Markets Pro and TradingView followed a quiet 24 hours for BTC/USD after Friday's $6,000 red candle.Although quiet into Sunday, the pair nonetheless dipped … [Read more...] about Bitcoin risks lowest weekly close in 2 months but BTC buyers stock up at $53K
Bitcoin Held Support at $53K; Faces Initial Resistance Around $60K
The relative strength index (RSI) on the daily chart is almost oversold, similar to what occurred in late-July and September, which preceded near-50% price rallies. Still, buyers will need to break above the $60,000-$65,000 resistance zone in order to yield upside price targets. Source link … [Read more...] about Bitcoin Held Support at $53K; Faces Initial Resistance Around $60K