TRENDING:
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
|

Bitcoin consolidates above $45k support, resistance at $50k

Bitcoin consolidates above $45k support, resistance at $50k
CoinDesk Analysis TeamCoinDesk Analysis TeamCoinDesk

Bitcoin (BTC) is trading sideways, indicating a period of consolidation as buyers and sellers appear to be at a stalemate. Resistance is seen around $50,000, which could limit upside into the weekend.

The cryptocurrency is holding support above the 200-day moving average, currently near $45,800. BTC is up 5% over the past week as upside momentum improves.

  • The relative strength index (RSI) on the daily chart is neutral as price consolidates within a tight range.

  • Bitcoin remains in breakout mode after re-testing the $42,000 support level last week, suggesting buyers could remain active over the short-term.

Author

CoinDesk Analysis Team

CoinDesk is the media platform for the next generation of investors exploring how cryptocurrencies and digital assets are contributing to the evolution of the global financial system.

More from CoinDesk Analysis Team
Share:

Editor's Picks

Ripple builds breakout momentum despite weakening demand

Ripple builds breakout momentum despite weakening demand

Ripple (XRP) is gaining momentum above $1.50 at the time of writing on Wednesday, as the cryptocurrency extends stability following the cooldown from last week’s rally.

Crypto Today: Bitcoin holds $83K as Ethereum remains below $2,700 and XRP consolidates

Crypto Today: Bitcoin holds $83K as Ethereum remains below $2,700 and XRP consolidates

Bitcoin trades lethargically on Wednesday, with bulls battling to defend the immediate $83,000 level as immediate support. Ethereum trades in tandem with Bitcoin. Ripple, meanwhile, hovers near $1.50,

Bitcoin consolidates below $85,000 amid rising US Treasury yields, derivatives deleveraging

Bitcoin consolidates below $85,000 amid rising US Treasury yields, derivatives deleveraging

Bitcoin consolidates near $83,000 on Wednesday after bulls failed to close above the key $85,000 level earlier this week. Rising US Treasury yields and key macroeconomic data releases this week are keeping BTC investors cautious.

Pi Network tests 50-day EMA breakout as market hype builds

Pi Network tests 50-day EMA breakout as market hype builds

Pi Network edges above $0.0910 at press time on Wednesday, advancing the mild recovery from the previous day. The PI futures Open Interest shows a positional buildup, possibly supporting a rebound amid broader market risk-on sentiment.

Bitcoin: BTC consolidates gains as ETF inflows hit highest level since October 2025

Bitcoin: BTC consolidates gains as ETF inflows hit highest level since October 2025

Bitcoin (BTC) price holds above $84,000 at the time of writing on Friday as it consolidates gains of over 4% so far this week. Institutional demand supports the bullish outlook, with spot Exchange Traded Funds (ETFs) recording a net inflow of $2.25 billion through Thursday, pointing to the highest weekly inflow since October 2025.