Share this article
Bitcoin Reverses Earlier Dip, Resistance Stands at $46K
BTC is approaching overbought levels, although pullbacks could stabilize at between $40K and $43K.
Updated May 11, 2023, 6:34 p.m. Published Feb 10, 2022, 6:34 p.m.
Bitcoin (BTC) has traded in a choppy range at between $43,249 and $45,843 over the past 24 hours.
Buyers reacted quickly to a nearly 5% price drop early in the New York trading session and maintained short-term support at above $43,000.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The next level of resistance is at $46,710, which represents a 38% retracement of the previous two month-long downtrend. Buyers could start to exit positions as BTC approaches resistance heading into the Asia trading session.
For now, momentum signals are improving on intraday charts, although price action is very volatile following the U.S. inflation report. Stronger resistance is seen at $50,000 if buyers sustain short-term momentum.
BTC was trading at about $45,000 at press time, and pullbacks could stabilize in the $40,000-$43,000 range.
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.
Higit pang Para sa Iyo
Uniswap’s UNI Jumps 19% as governance vote to activate protocol fees opens
UNI jumped after voting began on a proposal to activate Uniswap protocol fees, while broader crypto markets traded quietly.
Ano ang dapat malaman:
- UNI rose about 19% within 24 hours as on-chain voting began on a proposal to activate Uniswap protocol fees and burn tokens.
- The “Unification” proposal would align Uniswap Labs, the Foundation and governance around a shared fee and incentive structure.
- Early voting showed overwhelming support, while broader crypto markets posted modest gains.
Top Stories
