Share this article
Bitcoin Stabilizes at $40K Support, Resistance at $43K-$47K
Selling pressure could fade over the next few days.
Updated May 11, 2023, 5:10 p.m. Published Apr 12, 2022, 5:50 p.m.
Bitcoin (BTC) returned to above $40,000 on Tuesday as buyers reacted to short-term oversold signals. The cryptocurrency could face additional price swings within its two-month-long range of between $37,500 support and $47,000 resistance.
BTC is roughly flat over the past 24 hours and down 12% over the past week. For now, technical indicators suggest the pullback could stabilize over the next few days.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The relative strength index (RSI) on the daily chart is near oversold levels, which means buyers could remain active heading into the Asia trading day. Further, positive momentum signals on the weekly chart suggests pullbacks will remain brief this month.
Stronger resistance is seen at $50,966, which could limit an upswing in price.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Coinbase shares rise as ‘ambitious expansion’ wins analyst praise
The event marked a milestone that broadens the platform’s reach across new and traditional assets, the analysts said.
What to know:
- Coinbase rose as much as 4.6% after unveiling a broad product expansion including stock trading and AI-powered tools.
- Analysts from JPMorgan, Citi, and Clear Street said the roadmap could expand Coinbase’s market and user engagement.
- Wall Street price targets range from $244 to $505, reflecting diverging views on Coinbase’s ability to execute its “Everything Exchange” strategy.
- The shares were recently price at $249.16.
Top Stories
