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BTC
$83,481.07
-
0.33%ETH
$1,809.92
-
0.58%USDT
$0.9998
+
0.02%XRP
$2.1546
+
0.75%BNB
$592.70
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1.59%USDC
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0.02%DOGE
$0.1693
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0.94%ADA
$0.6542
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1.54%TRX
$0.2371
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0.67%LINK
$12.88
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1.01%LEO
$9.1428
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0.54%TON
$3.2499
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4.64%XLM
$0.2537
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2.86%AVAX
$17.83
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2.19%SHIB
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0.20%SUI
$2.2103
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Bitcoin Steady Near $45K Support; Resistance at $53K
BTC is at the bottom of a month-long price range, and upside appears limited.
Bitcoin (BTC) is holding steady around $45,000 – a key support level, near the bottom of a month-long price range. Buyers will need to clear $47,000 to yield a short-term upside target toward $53,000 this week.
If support does not hold, a pullback will likely stabilize around $42,000, which is near the Dec. 5 crash low.
STORY CONTINUES BELOW
For now, the relative strength index (RSI) on the daily chart remains in an oversold range, which typically precedes a short-term price bounce.
Still, the recent decline in upside momentum is a concern. There is strong resistance ahead, which could limit price gains this month.
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.
