Share this article
BTC
$84,387.20
-
1.22%ETH
$1,578.71
-
1.77%USDT
$0.9997
+
0.01%XRP
$2.0532
-
1.46%BNB
$589.60
+
0.08%SOL
$137.34
-
1.80%USDC
$0.9997
+
0.00%TRX
$0.2451
+
1.21%DOGE
$0.1542
-
2.38%ADA
$0.6152
-
1.46%LEO
$9.3149
+
0.40%LINK
$13.02
+
1.67%AVAX
$19.39
-
1.58%TON
$2.9688
-
0.44%XLM
$0.2413
-
1.54%SHIB
$0.0₄1226
+
0.54%SUI
$2.1053
-
2.07%HBAR
$0.1619
-
2.20%BCH
$334.58
-
0.95%HYPE
$17.58
-
3.27%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 Holds Support at $45K; Faces Resistance at $50K
Buyers will likely remain active on pullbacks into the weekend.

Bitcoin (BTC) rose about 6% over the past 24 hours as buyers defended support at the 200-day moving average around $45,000. The cryptocurrency was trading around $47,200 at press time and faces initial resistance near $50,000.
The breakout above $42,000 earlier this month stalled as short-term overbought conditions appeared on the charts. Buyers will likely remain active on pullbacks into the weekend.
- The relative strength index (RSI) on the daily chart is declining from overbought levels. The slight divergence between RSI and bitcoin’s price preceded a brief pullback towards the $42,000 breakout level.
- The weekly RSI is neutral, although momentum has significantly improved over the past two months.
- Initial signs of upside exhaustion appeared on the charts last week, which is typically seen as warning sign for higher volatility.
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.
