Condividi questo articolo
Bitcoin Range-Bound; Support at $43K-$45K
Buyers could remain active on pullbacks into the Asia trading day.
Bitcoin (BTC) is stabilizing after a 3% price drop during the New York trading day.
The cryptocurrency has failed to break above resistance at $47,000 over the past few days, which indicates a loss of upside momentum. Still, lower support around $43,000 and $45,000 could stabilize the pullback.
BTC was trading around $46,000 at press time and is down 3% over the past week.
Momentum signals remain negative on the daily chart, similar to what occurred in early February. This time, however, bitcoin has broken above $43,000 with positive momentum on the weekly chart. That means buyers could remain active on pullbacks.
The relative strength index (RSI) on the daily chart is declining from overbought levels, similar to what occurred in October of last year. Still, overbought signals can persist for a few months before a significant downturn in price.
Plus pour vous
IBIT recorded its second-biggest single-day net outflow since launch on Wednesday, missing a January record by less than half a million dollars, as the Iran-driven sell-off pulled institutional money out of bitcoin.
Ce qu'il:
- BlackRock’s iShares Bitcoin Trust saw $527.84 million in net outflows on Wednesday, its second-largest single-day withdrawal since launching in January and just shy of its record.
- The 11 U.S. spot bitcoin ETFs together lost $733.43 million that day, extending a multi-session streak of outflows that has pulled more than $2...
Top Stories
