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Bitcoin Approaches $40K; Resistance at $43K-$45K

Narrow price zones could benefit short-term trades within the prevailing downtrend.

Güncellendi 11 May 2023 ös 3:44 Yayınlandı 8 Mar 2022 ös 7:30 AI tarafından çevrildi
Bitcoin four-hour chart shows support/resistance (Damanick Dantes/CoinDesk, TradingView)
Bitcoin four-hour chart shows support/resistance (Damanick Dantes/CoinDesk, TradingView)

Bitcoin (BTC) has held support at $37,000 over the past few days, which could yield short-term upside targets toward the $40,000-$45,000 resistance zone. Support refers to the price level where a downtrend can be expected to pause because of a concentration of demand or buying interest.

The cryptocurrency was trading around $38,700 at press time and is up 3% over the past 24 hours. A decisive break above $40,000 could encourage additional buying into the Asia trading day.

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For now, narrow price zones could benefit short-term positioning among traders as most technical indicators are neutral.

A counter-trend exhaustion signal on the daily bitcoin chart, per the DeMARK indicators, appeared on Monday. That could point to short-term stabilization in price, although the previous signal on Dec. 29 did not result in a price bounce.

At times, when confirmed, reversal signals could be helpful for brief trades. For example, there was a technical set-up for a price reversal on Jan. 24, which preceded a 30% price rally. In a bear market, however, price swings tend to fade within the direction of the prevailing downtrend.

BTC will need to hold above $37,000 support and break through the $46,700 resistance level in order to signal a trend reversal.

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Protocol Research: GoPlus Security

GP Basic Image

Bilinmesi gerekenler:

  • 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.

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DOT Sinks 2% After Breaking Key Support

"Polkadot price chart showing a 2.5% drop from $2.02 to $1.97 with increased trading volume."

The Polkadot token erased earlier gains amid elevated volume, falling from a high of $2.09 to $1.97.

Bilinmesi gerekenler:

  • DOT collapsed through ascending trendline support around the $2.05 level on a massive 284% volume surge.
  • The token broke decisively below the support level to trade 2% lower over the last 24 hours.