Share this article
BTC
$100,154.88
-
3.54%ETH
$2,188.06
-
9.79%USDT
$1.0006
+
0.03%XRP
$1.9455
-
8.47%BNB
$613.21
-
3.81%SOL
$128.68
-
8.85%USDC
$1.0002
+
0.02%TRX
$0.2657
-
2.52%DOGE
$0.1472
-
8.70%ADA
$0.5262
-
9.01%HYPE
$32.66
-
5.75%WBT
$48.08
-
1.74%BCH
$451.79
-
4.08%LEO
$8.9259
+
0.10%SUI
$2.4024
-
9.81%LINK
$11.45
-
8.50%XLM
$0.2247
-
6.92%AVAX
$16.10
-
6.27%TON
$2.6983
-
7.97%SHIB
$0.0₄1040
-
7.46%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menu
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars
Bitcoin Above $42K Support, Resistance at $46K-$48K
Buyers could remain active at support level as the sell-off stabilizes.
Bitcoin (BTC) buyers defended the $40,000-$42,000 support range over the weekend as selling pressure slowed. The cryptocurrency was trading at about $43,800 at press time and is up about 1.8% over the past 24 hours. The next level of resistance is at around $46,000-$48,000, which could limit further upside over the short term.
- The relative strength index (RSI) on the four-hour chart is not yet overbought, suggesting buyers could remain active toward resistance levels.
- BTC registered a series of lower price highs over the past two weeks as sellers returned at around the $50,000 resistance level.
- A break above the 100-period moving average on the four-hour chart could yield further upside toward $48,000. For now, indicators show pullbacks should remain limited at around the $40,000 support level.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
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
