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Bitcoin Struggles Near Resistance; Support at $53K

Long-term momentum is starting to fade, which could limit price gains this month.

By Damanick Dantes
Updated May 11, 2023, 4:27 p.m. Published Dec 2, 2021, 7:12 p.m.
Bitcoin four-hour price chart shows support/resistance levels with RSI on bottom panel (Damanick Dantes/CoinDesk, TradingView)
Bitcoin four-hour price chart shows support/resistance levels with RSI on bottom panel (Damanick Dantes/CoinDesk, TradingView)

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BTCBTC$117,616.76◢0.91%