Bitcoin (BTC) is stabilizing around the $60,000 support level after declining about 15% from an all-time high near $69,000. The cryptocurrency is roughly flat over the past 24 hours and could see further upside toward the $63,000-$65,000 resistance zone.Both the 50-day and 100-day moving averages are sloping upward, indicating a positive intermediate-term trend. This means … [Read more...] about Bitcoin Holding Support at $60K; Could Face Resistance at $63K-$65K
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Bitcoin Stabilizes Near $60K Support; Faces Resistance at $63K-65K
Bitcoin (BTC) is down about 5% over the past 24 hours after sellers gained control around the $65,000 resistance level. The cryptocurrency is stabilizing around $60,000 support and appears to be oversold on intraday charts.For now, short-term indicators suggest limited downside into Asian trading hours. For example, the relative strength index (RSI) on the four-hour chart is … [Read more...] about Bitcoin Stabilizes Near $60K Support; Faces Resistance at $63K-65K
Bitcoin Rally Stalls; Could Find Support at $63K-$65K
Bitcoin (BTC) is giving up some gains after reaching an all-time high near $68,500 on Monday. The cryptocurrency is overbought on intraday charts, although support around the $63,000-$65,000 range could stabilize a pullback.The relative strength index (RSI) on the four-hour chart is the most overbought since Oct. 20, which preceded a near-10% price decline. Still, pullbacks … [Read more...] about Bitcoin Rally Stalls; Could Find Support at $63K-$65K