Share this article
Bitcoin Strengthens Above $43K; Resistance at $46K-$51K
Momentum signals are on the verge of turning positive for the first time since August 2021.
Updated May 11, 2023, 4:55 p.m. Published Mar 24, 2022, 5:57 p.m.
Bitcoin (BTC) continues to gather upside momentum after breaking above minor resistance at $43,500. The cryptocurrency could see further upside toward $46,700, a price level where prior rallies have stalled.
BTC was trading around $44,000 at press time and is up 4% over the past 24 hours.
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 not yet overbought, which means buyers could remain active into the Asia trading day. On the weekly chart, the RSI is neutral, which typically supports an upswing in price, albeit within a year-long trading range between $30,000 and $68,000.
Further, momentum signals are a few days away from turning positive on the weekly chart for the first time since August 2021. That could encourage short-term price strength, consistent with relief rallies in equities.
Still, upside could be limited around the $51,000 resistance level, especially given negative momentum signals on the monthly chart.
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
Bitcoin slips below $88,000 as traders brace for $28.5 billion Deribit options expiry
Crypto continues to lose ground ahead of this week's record options expiration, while defensive positioning and thinning liquidity suggest caution into 2026.
What to know:
- Bitcoin and crypto prices moved steadily lower in U.S. Monday afternoon trading.
- Over $28.5 billion in bitcoin and ether options are set to expire Friday on derivatives exchange Deribit, the largest expiry in its history.
Top Stories
