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Bitcoin Price Jump Faces Resistance at $40K-$46K; Support at $35K

For now, selling pressure has waned, which supports a short-term price bounce.

By Damanick Dantes
Updated May 11, 2023, 6:16 p.m. Published Feb 25, 2022, 7:20 p.m.
Bitcoin daily chart shows support/resistance, with RSI on bottom. (Damanick Dantes/CoinDesk, TradingView)
Bitcoin daily chart shows support/resistance, with RSI on bottom. (Damanick Dantes/CoinDesk, TradingView)