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BTC
$111,117.85
-
0.58%ETH
$2,712.58
+
3.14%USDT
$0.9998
-
0.03%XRP
$2.4630
+
1.82%BNB
$688.14
+
0.39%SOL
$184.11
+
4.09%USDC
$0.9997
-
0.01%DOGE
$0.2499
+
3.58%ADA
$0.8284
+
5.04%TRX
$0.2749
+
1.69%SUI
$3.9103
-
3.50%HYPE
$35.30
+
15.38%LINK
$17.01
+
3.79%AVAX
$25.71
+
8.32%XLM
$0.3088
+
3.54%SHIB
$0.0₄1578
+
4.36%BCH
$453.65
+
7.85%HBAR
$0.2079
+
3.77%LEO
$8.8709
+
0.04%TON
$3.2001
+
2.73%Bitcoin Consolidates Above $45K Support, Resistance at $50K
Bitcoin remains in breakout mode, although upside is limited to $50K.
Bitcoin (BTC) is trading sideways, indicating a period of consolidation as buyers and sellers appear to be at a stalemate. Resistance is seen around $50,000, which could limit upside into the weekend.
The cryptocurrency is holding support above the 200-day moving average, currently near $45,800. BTC is up 5% over the past week as upside momentum improves.
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- The relative strength index (RSI) on the daily chart is neutral as price consolidates within a tight range.
- Bitcoin remains in breakout mode after re-testing the $42,000 support level last week, suggesting buyers could remain active over the short-term.
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.
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