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
Rangebound
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 Range-Bound, Support Between $58K-$60K Could Stabilize Pullback
Bitcoin has traded in a tight range between $60,000 support and $64,000 resistance over the past week. Short-term buyers have been active on pullbacks, which suggests downside could be limited into Asian trading hours.Upside momentum is slowing after BTC made an all-time high around $66,900 last month. It appears that buyers were quick to take profits around the price high, … [Read more...] about Bitcoin Range-Bound, Support Between $58K-$60K Could Stabilize Pullback
Market Wrap: Bitcoin Rangebound as Traders Expect Strong November
Bitcoin has traded in a tight range over the past few days. It appears that extreme bullish sentiment is starting to cool after BTC reached its all-time high of around $66,900 two weeks ago. For now, traders are gearing up for a strong November and expect positive crypto returns heading into the end of the year.Still, some analysts see room for a slight pullback as open … [Read more...] about Market Wrap: Bitcoin Rangebound as Traders Expect Strong November
Range-bound Bitcoin price opens the door for altcoins to move higher
Ether (ETH) took charge as a new month begins and the second-largest cryptocurrency by market capitalization rallied to a new all-time high at $3,338. This has many analysts shouting out that a new 'altcoin season' has commenced. Meanwhile, Bitcoin (BTC) price is continuing to meet resistance around the $56,000 to $58,000 level. Data from Cointelegraph Markets and TradingView … [Read more...] about Range-bound Bitcoin price opens the door for altcoins to move higher