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Bitcoin Stabilizes After Sell-Off, Resistance Near $45K-$50K

Oversold signals remain intact, although upside is limited.

By Damanick Dantes
Updated May 11, 2023, 6:27 p.m. Published Jan 6, 2022, 7:25 p.m.
Bitcoin daily price chart shows support/resistance with oversold RSI on bottom. (Damanick Dantes/CoinDesk, TradingView)
Bitcoin daily price chart shows support/resistance with oversold RSI on bottom. (Damanick Dantes/CoinDesk, TradingView)

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BTCBTC$116,903.41◢0.02%