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BTC
$94,469.57
-
0.60%ETH
$1,814.38
+
0.39%USDT
$1.0004
-
0.00%XRP
$2.1718
-
1.44%BNB
$602.58
-
0.41%SOL
$147.29
-
3.25%USDC
$0.9999
+
0.01%DOGE
$0.1789
-
6.24%ADA
$0.7025
-
3.20%TRX
$0.2529
+
3.96%SUI
$3.4606
-
3.06%LINK
$14.74
-
2.97%AVAX
$22.34
-
2.43%XLM
$0.2882
-
0.52%LEO
$9.0233
-
0.17%TON
$3.3098
+
1.55%SHIB
$0.0₄1387
-
8.88%HBAR
$0.1891
-
3.30%BCH
$354.23
-
5.71%LTC
$86.47
-
1.57%Bitcoin Rallies From Support, Resistance Around $60K
But traders should continue to monitor intraday resistance levels as the broader uptrend from January slows.
Bitcoin (BTC) held support around $50,000 after registering an oversold signal on the four-hour relative strength index (RSI). The next level of resistance is seen around $60,000.
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- The four-hour RSI is not yet overbought, which could keep buyers active above the $54,000 support level.
- BTC is now breaking above a series of lower price highs from March 13, which suggests the short-term trend is recovering.
- The daily RSI is back in neutral territory, which previously supported strong price rallies.
- However, traders should continue to monitor intraday resistance levels as the broader uptrend from January slows.
Damanick Dantes
Damanick was a crypto market analyst at CoinDesk where he wrote the daily Market Wrap and provided technical analysis. He is a Chartered Market Technician designation holder and member of the CMT Association. Damanick is also a portfolio strategist and does not invest in digital assets.
