BTC logo
BTC
$107,956.81
2.94%
ETH logo
ETH
$3,858.57
2.83%
USDT logo
USDT
$1.0006
0.01%
BNB logo
BNB
$1,142.47
2.28%
XRP logo
XRP
$2.3247
3.57%
SOL logo
SOL
$185.33
4.78%
USDC logo
USDC
$0.9999
0.00%
TRX logo
TRX
$0.3165
0.20%
DOGE logo
DOGE
$0.1873
5.29%
ADA logo
ADA
$0.6424
4.14%
HYPE logo
HYPE
$37.11
6.04%
USDE logo
USDE
$0.9998
0.03%
LINK logo
LINK
$17.39
3.80%
BCH logo
BCH
$506.56
3.39%
XLM logo
XLM
$0.3110
4.42%
SUI logo
SUI
$2.5475
5.89%
LEO logo
LEO
$9.6009
0.19%
AVAX logo
AVAX
$20.72
5.88%
WBT logo
WBT
$41.13
2.40%
HBAR logo
HBAR
$0.1709
5.31%
BTC logo
BTC
$107,956.81
2.94%
ETH logo
ETH
$3,858.57
2.83%
USDT logo
USDT
$1.0006
0.01%
BNB logo
BNB
$1,142.47
2.28%
XRP logo
XRP
$2.3247
3.57%
SOL logo
SOL
$185.33
4.78%
USDC logo
USDC
$0.9999
0.00%
TRX logo
TRX
$0.3165
0.20%
DOGE logo
DOGE
$0.1873
5.29%
ADA logo
ADA
$0.6424
4.14%
HYPE logo
HYPE
$37.11
6.04%
USDE logo
USDE
$0.9998
0.03%
LINK logo
LINK
$17.39
3.80%
BCH logo
BCH
$506.56
3.39%
XLM logo
XLM
$0.3110
4.42%
SUI logo
SUI
$2.5475
5.89%
LEO logo
LEO
$9.6009
0.19%
AVAX logo
AVAX
$20.72
5.88%
WBT logo
WBT
$41.13
2.40%
HBAR logo
HBAR
$0.1709
5.31%
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Bitcoin Finding Support at $54K After Failing to Hold Above $60K: Technical Analysis

Profit taking around $60,000 opens the door to lower support around $54,000, causing a bit of whiplash for bitcoin traders.

By Damanick Dantes
Updated Mar 6, 2023, 3:33 p.m. Published Mar 15, 2021, 11:26 a.m.
Bitcoin Struggles To Hold $60,000

Bitcoin (BTC) made a new all-time-high this weekend, but the move was short-lived. The uptrend from January continues to slow, which is probably causing some profit taking. Traders will likely defend lower support.

STORY CONTINUES BELOW
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  • Initial support is around $54,000 on intra-day charts. On the daily chart, the uptrend remains intact, with lower support around $45,000.
  • Upside momentum is slowing, defined by lower highs on the 14-day relative strength index (RSI).
Bitcoin PriceTechnical Analysiscryptocurrencies

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