Technical Analysis
Bitcoin Strengthens; Faces Resistance Around $60K-$62K
BTC could face resistance near the all-time high on improving trend strength.
Bitcoin Reclaims Support; Approaching Resistance Near $56K-$58K
Bitcoin has retraced roughly 38% of the sell-off from May 3 as the short-term trend improves.
Bitcoin Stabilizes After Pullback; Faces Resistance at $58K
Bitcoin stabilized after a near 5% drop during Asia hours. Momentum is slowing, which could limit rallies.
Bitcoin Holds Support, Faces Resistance at $60K
The virtual currency is approaching its resistance level.
Bitcoin Stabilizes Near Support; Resistance Around $56K-$58K
Bitcoin has fully recovered from a late Thursday decline and is approaching resistance around $56K-$58K.
Bitcoin Struggles Near Resistance, Support Around $52K
BTC continues to struggle near resistance and could approach lower support around $52K.
Bitcoin Stalls at $56K Resistance; Support Within Reach
Bitcoin stalled just below $56K resistance after a near 18% price recovery from last week's sell-off. Short-term support is within reach.
Bitcoin Rallies From Oversold Levels; Resistance Around $56K
BTC is now at the most overbought level since April 14, when it reached an all-time high around $64,800.
Bitcoin Stabilizes After Weekend Sell-Off; Resistance Around $58K
BTC is attempting to break above a series of lower price highs from April 14, which could stabilize the short-term downtrend.
Bitcoin Sell-Off Leaves Cryptocurrency in Weakening Short-Term Trend
The daily RSI is approaching oversold territory, which could attract short-term buyers.
