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
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Bitcoin Holds Support at $56K; Resistance at $60K-$63K
Further, bitcoin’s correction from an all-time high of nearly $69,000 appears to be exhausted, which could encourage buyers to return. Momentum is improving into the Asian trading day, although resistance at around $63,000 could limit further upside over the short term. Source link … [Read more...] about Bitcoin Holds Support at $56K; Resistance at $60K-$63K
Bitcoin reclaims key support zone above $56k with 4% bounce
Bitcoin’s price has recovered above the 200EMA on the 4-hour chart, a key support zone likely to catalyse a fresh upside towards $60k Bitcoin hit resistance around $59,982 on Coinbase on Tuesday, with the rejection resulting in a 10% decline that pushed prices to support near $53,500. The sell-off happened as stocks plummeted, with the cascade effect routing some top … [Read more...] about Bitcoin reclaims key support zone above $56k with 4% bounce
Bitcoin rebounds to $56K as Dogecoin price halts at 420% weekly gains
Bitcoin (BTC) saw a staunch comeback on Tuesday thanks to fresh bullish news from PayPal combined with solid on-chain indicators. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView#Doge420 aims to sprout $4.20 DogecoinCointelegraph Markets Pro and TradingView showed BTC/USD bouncing to $56,000 during Tuesday trading, hours after hitting local lows of $53,300.With … [Read more...] about Bitcoin rebounds to $56K as Dogecoin price halts at 420% weekly gains