Bitcoin (BTC) is stabilizing after a near 10% decline over the past week. The cryptocurrency is holding initial support above $56,000, although resistance around $65,000 could limit further upside over the short term.The relative strength index (RSI) is oversold on intraday charts, which could encourage brief buying activity. On the daily chart, the RSI is approaching oversold … [Read more...] about Bitcoin Long-Term Uptrend Intact; Support Around $53K-$56K
Uptrend
Bitcoin Miners are Now Holding BTC, Uptrend Likely in April
In brief:Bitcoin Miners’ Position Index (MPI) has been low since March 6thBitcoin miners are now holding BTC rather than selling90k Bitcoin options expired earlier today on Deribit, removing the anxiety of additional sellingApril could be a green month based on historical dataBitcoin miners are now holding their BTC rather than selling it in the crypto markets as witnessed when … [Read more...] about Bitcoin Miners are Now Holding BTC, Uptrend Likely in April