Share this article
Bitcoin Weighed Down by $46K Resistance; Support at $35K-$40K
Upside appears limited as buyers lose momentum.
Updated May 11, 2023, 4:59 p.m. Published Feb 14, 2022, 7:21 p.m.
Bitcoin (BTC) was roughly flat over the weekend as price momentum continued to slow.
The cryptocurrency remains stuck below the $46,000 resistance level, although lower support at $35,000 and $40,000 could stabilize pullbacks over the short term.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The 50-day moving average was unable to demonstrate a positive slope over the past week, indicating continued selling strength. Indicators also approached overbought territory, which typically precede pullbacks in price, consistent with the downtrend since November.
For now, BTC upside appears to be limited as momentum signals remain negative on weekly and monthly charts.
Bitcoin was trading around $42,000 at press time and is down 3% over the past week.
More For You
L1 tokens broadly underperformed in 2025 despite a backdrop of regulatory and institutional wins. Explore the key trends defining ten major blockchains below.
What to know:
2025 was defined by a stark divergence: structural progress collided with stagnant price action. Institutional milestones were reached and TVL increased across most major ecosystems, yet the majority of large-cap Layer-1 tokens finished the year with negative or flat returns.
This report analyzes the structural decoupling between network usage and token performance. We examine 10 major blockchain ecosystems, exploring protocol versus application revenues, key ecosystem narratives, mechanics driving institutional adoption, and the trends to watch as we head into 2026.
More For You
Aptos' APT declines on below average volume
The token has support at the $1.69 level and resistance at $1.80.
What to know:
- APT declined 1.7% to $1.70.
- Trading volume dropped 16% below the 30-day average.
- Price action remains range-bound between $1.69 support and $1.80 resistance.
Top Stories
