"Despite major developments in the bitcoin market, the current market narratives continue to lean towards emerging developments outside Ethereum and Bitcoin, namely Ethereum competitors, scaling solutions and OpenSea alternatives," 21Shares, a crypto investment firm, wrote in a report. Source link … [Read more...] about Bitcoin Stabilizes; Analysts See Relative Value in Altcoins
Stabilizes
Bitcoin Stabilizes Above $40K Support; Resistance Near $45K
Bitcoin (BTC) selling pressure is starting to wane after last week’s price dip. The cryptocurrency is holding short-term support at around $40,000, although upside appears to be limited near $43,000-$45,000.BTC is down about 2% over the past 24 hours, although the price action has been fairly muted over the past few days.The relative strength index (RSI) on the four-hour chart … [Read more...] about Bitcoin Stabilizes Above $40K Support; Resistance Near $45K
First Mover Asia: Bitcoin Stabilizes Near $43K as Layer 1 Tokens Attract Attention
Good morning. Here’s what’s happening:Market moves: Bitcoin stabilized near $43,000 after Wednesday’s sell-off, while traders’ attention turned to layer 1 tokens.Technician’s take: Oversold signals remain intact for bitcoin, although upside is limited.Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis.PricesBitcoin … [Read more...] about First Mover Asia: Bitcoin Stabilizes Near $43K as Layer 1 Tokens Attract Attention
Bitcoin Stabilizes After Sell-Off, Resistance Near $45K-$50K
Bitcoin (BTC) dipped below initial support at $45,000 on Wednesday, but later stabilized around $42,000, which is near the Dec. 5 crash low. Oversold signals remain intact, which suggest selling pressure could subside.Given the series of lower price highs since November, support ranges and oversold readings are viewed as countertrend. This lowers the probability of significant … [Read more...] about Bitcoin Stabilizes After Sell-Off, Resistance Near $45K-$50K
Bitcoin Stabilizes Near $50K Support After Weekend Sell-Off
Bitcoin (BTC) is stabilizing above its 200-day moving average, currently at $46,000, after a near-20% sell-off over the weekend. The cryptocurrency was trading around $49,000 at the time of publication and is roughly flat over the past 24 hours and down about 15% over the past week.The relative strength index (RSI) on the daily chart is the most oversold since July, which … [Read more...] about Bitcoin Stabilizes Near $50K Support After Weekend Sell-Off