Share this article
BTC
$94,833.23
-
0.00%ETH
$1,804.46
-
0.99%USDT
$1.0003
-
0.01%XRP
$2.2465
-
1.67%BNB
$604.17
-
0.96%SOL
$147.36
-
0.47%USDC
$1.0000
+
0.00%DOGE
$0.1752
-
2.47%ADA
$0.6989
-
1.95%TRX
$0.2434
-
1.56%SUI
$3.5806
+
1.19%LINK
$14.61
-
3.81%AVAX
$21.66
-
1.95%XLM
$0.2787
-
1.41%LEO
$9.0396
+
0.45%TON
$3.2246
-
1.76%SHIB
$0.0₄1340
-
2.73%HBAR
$0.1867
-
1.80%BCH
$363.70
-
2.06%LTC
$85.45
-
1.35%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menuConsensus
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars & Events
Bitcoin Steady at Resistance; Support Around $57K-$58K
Bitcoin traded in a tight range during Asian hours; resistance around $60K and support around $57K-$58K.
Bitcoin (BTC) continues to struggle near the $60,000 resistance level. The cryptocurrency traded in a tight range during Asia hours, with initial support around $57,000 and $58,000.
- BTC’s oversold bounce from $50,000 support remains intact on the hourly chart, which fully retraced the nearly 15% sell-off of last week.
- Buyers are taking profit around $60,000 as upside momentum slows.
- The relative strength index (RSI) on the hourly chart is back in neutral territory, which occurred during previous support levels this week.
- Buyers will need to defend initial support around $57,000 and $58,000 to sustain the intraday 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.
