Compartilhe este artigo
Bitcoin Stabilizes After Pullback; Faces Resistance at $57K
The broader uptrend remains intact despite several months of consolidation.
Por Damanick Dantes
Atualizado 6 de mar. de 2023, 3:19 p.m. Publicado 11 de mai. de 2021, 11:27 a.m. 1 min readTraduzido por IA
Bitcoin (BTC) is stabilizing after a near 7% drop on Monday as buyers continue to take profit. The cryptocurrency could see further upside towards resistance at $57,000.
The broader uptrend remains intact despite several months of consolidation. Sharp price moves are typical during consolidation phases, which can result in frequent drawdowns.
- The relative strength index (RSI) on the hourly chart registered an oversold reading after Monday’s decline, which suggests a brief price recovery is underway.
- Bitcoin held support around $54,000 along a series of higher price lows over the past few weeks.
- Resistance is seen around the 100-period moving average on the hourly chart around $57,000 which could limit price gains.
- Bitcoin has traded in a range between $53,000 and $59,000 as buyers struggle to retrace the April 14 sell-off.
More For You
The rally is fueled by NEAR Intents, the cross-chain system that has processed over $19 billion in volume and generated $32 million in fees.
What to know:
- NEAR token climbed 15% over 24 hours to $2.8, extending a month-long rally that has nearly doubled its price (up 90%).
- The rally is fueled by NEAR Intents, the cross-chain system that has processed over $19 billion in volume and generated $32 million in fees.
- Investors are anticipating a June...
Top Stories
