Share this article
Bitcoin Rallies From Support, Resistance Around $60K
But traders should continue to monitor intraday resistance levels as the broader uptrend from January slows.
Updated Mar 6, 2023, 3:38 p.m. Published Mar 29, 2021, 11:21 a.m. 1 min read
Bitcoin (BTC) held support around $50,000 after registering an oversold signal on the four-hour relative strength index (RSI). The next level of resistance is seen around $60,000.
- The four-hour RSI is not yet overbought, which could keep buyers active above the $54,000 support level.
- BTC is now breaking above a series of lower price highs from March 13, which suggests the short-term trend is recovering.
- The daily RSI is back in neutral territory, which previously supported strong price rallies.
- However, traders should continue to monitor intraday resistance levels as the broader uptrend from January slows.
More For You
XRP lost a key support zone after another failed breakout attempt, with traders now watching whether the months-long compression pattern resolves lower.
What to know:
- XRP slipped below the $1.35 level after a failed breakout near $1.36, reinforcing short-term bearish momentum within a recently tight trading range.
- Traders are focused on the $1.30 to $1.31 support zone, where a decisive breakdown could open downside risk toward roughly $1.14.
- Analysts remain divided on whether XRP’s structure...
Top Stories
