2 years ago
Bitcoin (BTC) was trading successful a choky scope betwixt $43,000 and $44,000 implicit the past 24 hours. Support is nearby, which could bounds pullbacks implicit the abbreviated term.
Buyers volition request to support a terms level supra $40,000 to prolong the uptrend from $36,000 that occurred connected Feb. 3. Intraday charts look overbought, however, which could stall the upside, akin to what occurred past week.
For now, the 50-day moving mean connected the four-hour illustration has flattened, indicating a intermission successful upside momentum. Resistance remains astatine $46,000, and if buyers neglect to support existent levels, a dip toward $35,000 seems likely.
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