Education Blog
No Result
View All Result
Crypto
No Result
View All Result
Home Uncategorized

Bitcoin Recovering; Faces Short-Term Resistance Near $46K

admin by admin
September 23, 2021
in Uncategorized
0
Bitcoin Recovering; Faces Short-Term Resistance Near $46K
Share on FacebookShare on Twitter



Bitcoin (BTC) is recovering above the $40,000-$42,000 support zone after oversold signals appeared on the charts. Initial resistance is seen around $46,000, which could limit further upside over the short-term.

BTC was trading around $43,700 at press time and is up 4% over the past 24 hours.

  • The relative strength index (RSI) on the four-hour chart is rising from oversold levels that appeared earlier this week. The RSI is not yet overbought, which could keep buyers active, albeit limited towards $46,000 resistance.
  • On the daily chart, however, the RSI is approaching neutral levels, which suggests further consolidation is needed to recapture upside momentum.
  • Resistance remains strong towards $50,000 as bitcoin registered a series of lower price highs over the past two weeks.



Source link

Tags: 46KBitcoinFacesRecoveringResistanceShortTerm
admin

admin

  • About Us
  • Contact Us
  • ICO
  • MEXC Global to Support the Upcoming Nervos Network Hackathon
  • Prices
  • Privacy Policy
No Result
View All Result
  • About Us
  • Contact Us
  • ICO
  • MEXC Global to Support the Upcoming Nervos Network Hackathon
  • Prices
  • Privacy Policy

© 2022 Cryptocrunches.com

  • Calamari NetworkCalamari Network(KMA)$0.0023177.04%
  • bitcoinBitcoin(BTC)$23,974.00-0.55%
  • ethereumEthereum(ETH)$1,892.41-0.47%
  • tetherTether(USDT)$1.000.04%
  • usd-coinUSD Coin(USDC)$1.000.03%
  • binancecoinBNB(BNB)$315.88-0.36%
  • cardanoCardano(ADA)$0.56-0.02%
  • rippleXRP(XRP)$0.3750231.09%
  • Binance USDBinance USD(BUSD)$1.00-0.29%
  • SolanaSolana(SOL)$43.51-1.16%