Technical Analysis
Bitcoin Holds Support at $56K, Resistance at $60K-$63K
Momentum is improving as oversold readings appear on the chart.
Bitcoin Still Trading in Bullish Channel Despite Price Support Break
Powell’s reappointment as Fed’s chairman has reinforced fears of faster rate hikes to control inflation
Bitcoin Struggles at $60K Resistance; Support Above $53K
Short-term downside is likely into the Asia trading day.
Bitcoin Long-Term Uptrend Intact; Support Around $53K-$56K
Momentum is still positive on a weekly basis, which is consistent with a bullish uptrend.
Bitcoin Tumbles to 3-Week Low Under $60K; Next Support at $53K
Market retreat comes as bitcoin’s daily price chart signals slowing upside momentum. The ether price fell below $4,000.
Bitcoin Holding Support at $60K; Could Face Resistance at $63K-$65K
The long-term uptrend remains intact despite slowing price momentum.
Bitcoin Stabilizes Near $60K Support; Faces Resistance at $63K-65K
Short-term indicators suggest limited downside into Asian trading hours.
Bitcoin Pullback Could Stabilize Around $60K Support
Upside momentum is slowing, although pullbacks remain limited.
Bitcoin’s Bull Flag Breakout Suggests More Upside; Support at $57K
The cryptocurrency could break the six-figure mark in Q4, one firm said.
Bitcoin Decline Could Stabilize at $60K Support
Short-term upside appears to be limited given the loss of upside momentum.
