Share this article
Bitcoin Uptrend Slows, Stays at $58K, Battles Resistance Near All-Time High
BTC is moving sideways as its short-term uptrend slows.
Updated Mar 6, 2023, 3:39 p.m. Published Mar 22, 2021, 11:21 a.m.
Bitcoin (BTC) has been stuck in a range of $54,000 to $60,000 over the past few days. The near 40% rise from the Feb. 28 low is slowing as traders continue to take profit from the March all-time high around $61,000.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- The 50-period volume weighted moving average (VWMA) on the four-hour chart has flattened over the past week, which signals a slowing uptrend.
- The last time the VWMA declined was during the February sell-off.
- A flatter moving average could also be a sign of sideways price action, reflecting indecision between buyers and sellers.
- Bitcoin will need to defend lower support around $54,000 and break above $61,000 to resume the short-term uptrend.
- On the daily chart, initial support is around $50,000.
More For You
What to know:
- 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.
More For You
Filecoin slides 5% alongside major decline in broader crypto market
FIL dropped to $1.24 as the technical breakdown accelerated on heavy volume, 380% above average.
What to know:
- FIL declined sharply as crypto markets fell across the board on Monday.
- Volume surged to 11.7 million during the decisive breakdown
- Technical momentum accelerated downward with three consecutive lower lows confirmed.
Top Stories
