Markets
Bagikan artikel ini

Bitcoin Sell-Off Could Stabilize Around $42K Support

BTC remains under pressure and could find lower support near $42K as long-term momentum wanes.

Oleh Damanick Dantes
Diperbarui 6 Mar 2023, 3.34 p.m. Diterbitkan 13 Mei 2021, 11.29 a.m. Diterjemahkan oleh AI
jwp-player-placeholder

Sellers remained active on Wednesday as bitcoin (BTC) dropped below $50,000 after Tesla halted acceptance of payments for new vehicles in the currency.

STORY CONTINUES BELOW
Jangan lewatkan cerita lainnya.Berlangganan Newsletter Crypto Daybook Americas hari ini. Lihat semua newsletter
Dengan mendaftar, Anda akan menerima email tentang produk CoinDesk dan Anda setuju dengan ketentuan penggunaan dan kebijakan privasi.

The cryptocurrency was trading around $49,400 at press time and could find lower support around $42,000.

Long-term momentum continues to weaken during several months of consolidation. BTC remains under pressure after reaching the upper bound of a three-year price channel.

  • The relative strength index (RSI) on the four-hour chart is oversold similar to April 25 which preceded a price recovery.
  • However, the RSI is not yet oversold on the daily chart. This means bitcoin could trade lower towards $42,000 support.
  • Bitcoin returned below the 100-day moving average which created resistance around $53,600.
  • Over the short term, higher volatility and frequent drawdowns could discourage buyers. For now, the long-term trend remains intact above $42,000.

BitcoinBitcoin PriceTechnical Analysiscryptocurrencies

Lebih untuk Anda

Protocol Research: GoPlus Security

Oleh CoinDesk Research
14 Nov 2025
Disponsori olehGoPlus
GP Basic Image

Yang perlu diketahui:

  • 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.
View Full Report

More For You

Grayscale outlines top crypto investing themes for 2026 as institutional adoption grows

By Siamak Masnavi, AI Boost|Edited by Omkar Godbole
15 minutes ago
Abstract blockchain networks illustration with glowing cubes representing digital assets

Grayscale says macro demand for alternative stores of value and regulatory clarity are underpinning a sustained crypto bull market heading into 2026.

What to know:

  • Grayscale says the crypto asset class remains in a sustained bull market heading into 2026, supported by macro demand and regulatory clarity.
  • The firm outlines 10 investing themes spanning stablecoins, tokenization, DeFi lending, staking and next-generation blockchain infrastructure.
  • Grayscale does not expect quantum computing or digital asset treasuries to have a material influence on crypto markets next year.
Read full story