Bitcoin Struggles at $60K Resistance; Help Above $53K

 Bitcoin Struggles at $60K Resistance; Help Above $53K

Bitcoin (BTC) consumers remained lively over the weekend, though upside was restricted across the $60,000 resistance stage.

The cryptocurrency continues to consolidate with pullbacks restricted towards $53,000 help.

Intraday chart indicators are impartial, suggesting the present lack of momentum might proceed into the Asian buying and selling session. Patrons might want to defend rapid help round $55,000 and decisively break above the short-term downtrend with a view to yield additional upside targets.

The relative power index (RSI) on the day by day chart is approaching oversold ranges, which might help a value restoration just like late-September. Nonetheless, earlier failed makes an attempt at sustaining an all-time value excessive close to $69,000 is a priority.

Source link

Related post