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
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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
Bitcoin Rangebound Between $55K Support and $60K Resistance
Bitcoin’s (BTC) price momentum is improving, which could limit further downside between the $53,000-$55,000 support range.Buyers will need to make a decisive move above $60,000 resistance to yield an upside target toward the all-time price high near $69,000.For now, BTC is trading in a tight range and has been roughly flat over the past week. The relative strength index (RSI) … [Read more...] about Bitcoin Rangebound Between $55K Support and $60K Resistance
Bitcoin retests support, with trader forecasting BTC price dip to $55K
Bitcoin (BTC) denied bulls their big break on Nov. 4 as sideways action dragged the market ever closer to $60,000.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC hodlers in “buy the dip” modeData from Cointelegraph Markets Pro and TradingView showed BTC/USD back below $62,000 at 8 am UTC.The pair saw a difficult 24 hours after hitting local highs above $64,000, … [Read more...] about Bitcoin retests support, with trader forecasting BTC price dip to $55K
Bitcoin dominance drop and resistance at $55K stoke altseason hopes
The overall cryptocurrency market saw a second day of gains on April 27 after the weekend sell-off proved to be a good buying opportunity for retail and institutional investors.Lower gas fees following the Ethereum network's Berlin upgrade along with an increase in institutional buying and decentralized finance activity lifted the price of Ether to a new all-time high at … [Read more...] about Bitcoin dominance drop and resistance at $55K stoke altseason hopes