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Bitcoin Approaching Resistance Near $52K, Support Between $48K-$50K
Pullbacks appear to be limited given a series of breakouts over the past week.
Updated May 11, 2023, 6:36 p.m. Published Oct 6, 2021, 11:22 a.m.
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Bitcoin has entered an initial resistance zone near $52,000 and could face a short-term pullback toward $48,000-$52,000 support. The cryptocurrency appears overbought on intraday charts after a nearly 20% increase over the past week.
- The last time BTC approached the $52,000 level was on Sept. 6, which preceded a sharp sell-off.
- This time, however, pullbacks appear to be limited given a series of breakouts over the past week.
- Buyers will need to defend lower support above the 200-day moving average, currently near $45,000, in order to resume the price recovery since July.
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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Bitcoin slips below $88,000 ahead of Fed week and Big Tech earnings
Bitcoin and major tokens weakened Sunday as markets position ahead of the Federal Reserve’s next rate decision and a heavy slate of Magnificent Seven earnings.
What to know:
- Bitcoin fell below $88,000 in thin weekend trading, extending a weeklong pullback that has left most major cryptocurrencies sharply lower.
- Market sentiment remains fragile after more than $1 billion in leveraged crypto positions were liquidated amid recent volatility in currencies and bond markets.
- Traders are watching potential Japanese yen intervention, U.S. political brinkmanship over a spending bill and a heavy tech-earnings calendar, as the Federal Reserve is expected to keep interest rates unchanged.
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