Bitcoin hunts for support above $50,000
In the meantime, Bitcoin is trading below the ascending channel’s middle boundary as bulls fight to secure higher support. BTC must reclaim this lost ground to continue with gains toward $60,000. It is essential to anticipate resistance at the recent all-time high of around $57,000
If Bitcoin drops under $50,000, the 50 Simple Moving Average ( SMA ) is in line to provide support. Simultaneously, the channel’s lower edge will barricade the downside to ensure that toward $40,000 is limited. Note that the 100 SMA will prevent BTC from correcting sharply in case of massive declines.
Bitcoin intraday levels
Spot rate: $51,287
Relative change: -315
Percentage change: -0.6
Trend: Bitcoin rise
Volatility: High
In the meantime, Bitcoin is trading below the ascending channel’s middle boundary as bulls fight to secure higher support. BTC must reclaim this lost ground to continue with gains toward $60,000. It is essential to anticipate resistance at the recent all-time high of around $57,000
If Bitcoin drops under $50,000, the 50 Simple Moving Average ( SMA ) is in line to provide support. Simultaneously, the channel’s lower edge will barricade the downside to ensure that toward $40,000 is limited. Note that the 100 SMA will prevent BTC from correcting sharply in case of massive declines.
Bitcoin intraday levels
Spot rate: $51,287
Relative change: -315
Percentage change: -0.6
Trend: Bitcoin rise
Volatility: High