Share this article
BTC
$102,573.64
-
0.93%ETH
$2,396.34
-
0.86%USDT
$1.0004
+
0.03%XRP
$2.0844
-
1.93%BNB
$631.88
-
1.70%SOL
$137.85
-
1.72%USDC
$1.0002
+
0.03%TRX
$0.2748
+
0.41%DOGE
$0.1581
-
2.67%ADA
$0.5657
-
2.09%HYPE
$32.44
-
4.63%WBT
$48.53
-
0.84%BCH
$475.09
-
0.56%SUI
$2.5770
-
5.49%LINK
$12.23
-
2.41%LEO
$8.9233
+
0.43%XLM
$0.2388
-
1.48%AVAX
$17.00
-
1.69%TON
$2.8922
-
1.98%SHIB
$0.0₄1097
-
2.88%Sign Up
- Back to menuCryptocurrencies
- Back to menuResearch
- Back to menu
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars
Bitcoin Struggles Near Resistance, Support Around $52K
BTC continues to struggle near resistance and could approach lower support around $52K.
Bitcoin (BTC) continues to stall despite its brief spike toward $56,000 on Wednesday. The cryptocurrency was trading around $54,000 at the time of writing and could approach lower support around $52,000.
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- Bitcoin remains in a downtrend on the four-hour chart defined by a series of lower price highs since the April 14 all-time high of around $64,800.
- There is strong resistance from the $60,000 level and around $56,000. The 100-period moving average on the four-hour chart has kept a lid on price movements since the April 17 sell-off.
- The relative strength index (RSI) on the four-hour chart is around neutral territory after reaching overbought levels on Tuesday.
- For now, it appears that buyers are still in profit-taking mode as BTC drifts toward lower support around $52,000. A decisive break above $56,000 is needed to resume the roughly 15% price recovery from the April 25 low.
Damanick Dantes
Damanick was a crypto market analyst at CoinDesk where he wrote the daily Market Wrap and provided technical analysis. He is a Chartered Market Technician designation holder and member of the CMT Association. Damanick is also a portfolio strategist and does not invest in digital assets.

Top Stories