Share this article
BTC
$81,892.90
-
1.22%ETH
$1,730.41
-
3.29%USDT
$0.9994
-
0.04%XRP
$2.0570
-
3.22%BNB
$573.42
-
3.12%USDC
$0.9998
-
0.04%SOL
$114.05
-
3.45%DOGE
$0.1606
-
4.30%TRX
$0.2385
+
0.43%ADA
$0.6212
-
4.39%LEO
$9.0395
-
0.36%TON
$3.2667
-
0.72%LINK
$12.12
-
4.35%XLM
$0.2511
+
0.60%AVAX
$17.13
-
4.26%SHIB
$0.0₄1186
-
3.05%SUI
$2.0604
-
7.10%HBAR
$0.1533
-
4.90%OM
$6.1228
-
2.48%LTC
$77.84
-
5.35%Sign Up
- Back to menuNews
- Back to menuPrices
- Back to menuResearch
- Back to menuConsensus
- Back to menuSponsored
- Back to menu
- Back to menu
- Back to menuResearch
- Back to menuWebinars & Events
- Back to menu
Bitcoin Holds Support Near $43K as Rally Pauses
The cryptocurrency is down 3% in the last 24 hours.
Bitcoin (BTC) held initial support above $43,000 during Asian trading hours as intraday charts appear to be oversold. The cryptocurrency was trading at around $45,300 at press time and is down 3% over the past 24 hours. Buyers are taking a breather after a near 13% rally month to date and will likely defend breakout support near $42,000.
Ipagpatuloy Ang Kwento Sa Baba
- The relative strength index (RSI) on the four-hour chart is almost oversold, which suggests the current pullback could stabilize around support levels.
- Initial support is seen at the 100-period moving average on the four-hour chart near $43,000 and then at the $42,000 breakout level.
- Buyers will need to make a decisive move above $50,000 resistance to resume the uptrend.
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.
