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Bitcoin Stabilizes Near $50K Support After Weekend Sell-Off

BTC is poised for a short-term bounce, although upside appears to be limited.

Updated May 11, 2023, 4:27 p.m. Published Dec 6, 2021, 8:13 p.m.
Bitcoin daily price chart shows support/resistance and RSI in bottom panel. (Damanick Dantes/CoinDesk, TradingView)
Bitcoin daily price chart shows support/resistance and RSI in bottom panel. (Damanick Dantes/CoinDesk, TradingView)