Share this article
Bitcoin Faces Resistance Near $64K, Support Between $55K-$60K
Upside momentum is slowing, which suggests a period of consolidation could persist in the short term.
Updated May 11, 2023, 6:28 p.m. Published Nov 5, 2021, 8:47 p.m. 1 min read
Bitcoin continues to trade in a tight range, although buyers appear to be holding support above $60,000. Short-term indicators are neutral, although pullbacks could be limited given a series of price breakouts over the past month.
If buyers fail to hold $60,000, lower support around the 50-day moving average, currently near $55,000, could stabilize a pullback.
Bitcoin was trading around $61,500 at press time and is roughly flat over the past 24 hours.
For now, upside momentum is slowing, which suggests a period of consolidation could persist in the short term. Eventually, indicators suggest momentum could improve to support a breakout in BTC above $65,000 based on positive historical returns in the fourth quarter.
More For You
The company says it is building a broader fintech, tokenization and digital infrastructure business, but its latest SEC filing shows WLFI still dominates the balance sheet.
What to know:
- AI Financial, formerly Alt5 Sigma, is pushing back on being labeled solely a World Liberty Financial treasury company, emphasizing its broader fintech and digital payments operations.
- Despite operating crypto payments and OTC trading platforms and pursuing expansion into tokenization and digital infrastructure, AI Financial’s latest SEC filing shows its financial...
Top Stories
