Bitcoin (BTC) is recovering after a volatile sell-off last week and is up about 3% over the past 24 hours. The cryptocurrency faces resistance around the $48,000 to $50,000 price range, which could limit upside moves over the short-term.

Buyers continue to defend the 200-day moving average around $45,000 as downside momentum wanes.

  • The relative strength index (RSI) on the four-hour chart is approaching overbought levels similar to last week, which preceded a sell-off.

  • However, the RSI is rising from neutral levels on the daily chart, which could keep buyers active towards the $50,000 resistance level.

Bitcoin

All writers’ opinions are their own and do not constitute financial advice in any way whatsoever. Nothing published by CoinDesk constitutes an investment recommendation, nor should any data or Content published by CoinDesk be relied upon for any investment activities. CoinDesk strongly recommends that you perform your own independent research and/or speak with a qualified investment professional before making any financial decisions.

Cryptos feed

Latest Crypto News


Latest Crypto News & Analysis

Editors’ Picks

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Crypto markets take off without clear goals

Bitcoin price suffered two fatal blows, one on September 7 and another from September 19 to September 21. These two downswings pushed the big crypto down to a critical support floor.

More Bitcoin News

DOGE price explodes following massive spike in Dogecoin and Shiba Inu holders

Dogecoin and Shiba Inu have increased in popularity over the past few weeks. The SHIB community continues to petition for the memecoin’s listing on Robinhood, the commission-free exchange. 

More Dogecoin News

XRP price to breakout by 25% to the upside

A brief technical and on-chain analysis on XRP price. Here, FXStreet's analysts evaluate how Ripple behaves as it trades above support.

More Ripple news

VeChain Price Forecast: VET bulls charge ahead for 25% gain

VeChain price (VET) witnessed a flash crash for the second time in September as Bitcoin and the cryptocurrency market at large tumbled on September 19 and September 20.

More VeChain News

BEST CRYPTO BROKERS/EXCHANGES



Bitcoin Weekly Forecast: Markets revert to mean, but BTC price remains indecisive

Bitcoin price shows considerable strength after springing from the recent crashes. Still, it is uncertain whether the current bullish impulse will morph into a new uptrend or lead to a more profound decline.

Read the weekly forecast

BTC

ETH

XRP