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Bitcoin Stabilizes Within Range as Short-Term Trend Improves
Bitcoin is above the 100-period moving average on both the hourly and four-hour chart as the corrective phase stabilizes.
Автор Damanick Dantes
Bitcoin (BTC) is holding its short-term support above $35,000 and could face resistance near $42,000. Prices continue to consolidate, suggesting selling pressure is weakening. Typically, volatility declines during consolidation phases, encouraging buyers to return, albeit briefly.
- Bitcoin is above the 100-period moving average on both the hourly and four-hour chart as the corrective phase stabilizes.
- On the daily chart, the relative strength index (RSI) is rising from oversold levels which could keep buyers active towards $42,000 resistance.
- A decisive breakout above resistance would yield an upside target around $45,000.
- Bitcoin was trading around $39,300 at press time and was up about 5% over the past 24 hours.
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"An Agreement has been largely negotiated, subject to finalization between the United States of America, the Islamic Republic of Iran, and the various other Countries," wrote President Trump late Saturday afternoon.
Что нужно знать:
- Down sharply earlier Saturday, bitcoin moved to gains on the day after President Trump announced a peace agreement with Iran and other Middle Eastern countries.
- As part of the deal, Trump said, the Strait of Hormuz will be reopened.
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