Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Impact of “infrastructure status” for the DC industry announced in the Union Budget 2022

    February 4, 2022

    Milestone Systems appoints new Chief Revenue Officer

    January 26, 2022

    IIM Udaipur Incubated tech startup FasterrWeb obtains funding

    January 25, 2022
    Facebook Twitter Instagram
    • Demos
    • Buy Now
    Facebook Twitter Instagram
    My BlogMy Blog
    Subscribe
    • Home
    • Features
      • Typography
      • Contact
      • View All On Demos
    • Typography
    • Buy Now
    My BlogMy Blog
    Home»Internet»Cryptocurrency»Bitcoin Declines From $48K Resistance; Support at $45K
    Cryptocurrency

    Bitcoin Declines From $48K Resistance; Support at $45K

    adminBy adminOctober 4, 2021No Comments1 Min Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Bitcoin Declines From $48K Resistance; Support at $45K
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Bitcoin (BTC) buyers are struggling around the $48,000 resistance level as short-term indicators reached overbought levels over the weekend. The next level of support is seen around $45,000, which could stabilize the pullback.

    BTC was trading around $47,000 at press time and is roughly flat over the past 24 hours. Still, the cryptocurrency is up 13% over the past week as buyers continued to defend lower support around $40,000.

    • The relative strength index (RSI) on the four-hour chart is declining from overbought levels, which means short-term buyers could exit positions around current resistance levels.
    • The last time BTC approached the $48,000 resistance was on Sept. 18, which preceded a near 18% sell-off.
    • Upside momentum on the weekly chart continues to slow, suggesting a period of consolidation could persist between $40,000 support and $50,000 resistance.

    Source Link

    45K 48K Bitcoin Declines Resistance Support
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    admin
    • Website

    Related Posts

    Mphasis and CrossTower partner to develop a ‘Center of Excellence’ in Web 3.0 and Blockchain technologies

    January 21, 2022

    FTFT Subsidiary Launches Cryptocurrency Market Data Platform

    January 4, 2022

    Featuring Mr. Vladislav Sapozhnikov – Managing Partner Of Genesis Block At GITEX GLOBAL 2021

    November 13, 2021
    Add A Comment

    Leave A Reply Cancel Reply

    Editors Picks

    Onboard Cameras Allow Disabled Quadcopters to Fly

    January 5, 2021
    Top Reviews
    Advertisement
    Demo
    My Blog
    Facebook Twitter Instagram Pinterest Vimeo YouTube
    • Home
    • Buy Now
    © 2023 ThemeSphere. Designed by ThemeSphere.

    Type above and press Enter to search. Press Esc to cancel.