Share this article
Bitcoin Bounces From $37K Support; Resistance at $40K-$43K
BTC remains in a tight trading range with a loss of upside momentum.
Updated May 11, 2023, 4:50 p.m. Published Apr 27, 2022, 5:56 p.m.
Bitcoin (BTC) held support at $37,500 following a 5% decline over the past week.
Selling pressure appears to be stabilizing over the short term, although upside momentum could slow around the $40,000-$43,000 resistance zone.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
BTC was trading around $39,000 at press time and is up by 2% over the past 24 hours. Buyers will need to keep prices elevated above $40,000 in order to sustain the recovery phase.
Still, there has been a slight loss of upside momentum over the past few days, which means BTC will likely remain in a tight trading range until a breakout or breakdown is confirmed. For now, most technical indicators are neutral.
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.
Больше для вас
ICP Rises, Keeping Price Above Key Support Levels
Internet Computer rose, keeping the price above the $3.40 support zone, with early session volume spikes failing to produce a sustained breakout.
Что нужно знать:
- ICP rose 0.6% to $3.44 as early session volume surged 31% above average before fading.
- Resistance near $3.52–$3.55 rejected multiple breakout attempts, keeping the token range-bound.
- Support between $3.36–$3.40 held firm, maintaining ICP’s short-term higher-low structure.
Top Stories
