Tag Archives: bitcoin price

Bitcoin Eyes 200-Day Moving Average Support as $2B Options Expiration Nears

Bitcoin Eyes 200-Day Moving Average Support as $2B Options Expiration Nears

The max pain price for Friday’s bitcoin options expiry is $44,000. Bitcoin is again experiencing moderate price turbulence heading into the monthly options expiration. The cryptocurrency is trading at about $47,000 at press time, representing a 4.4% drop on the day, CoinDesk 20 data show. The decline has reversed Wednesday’s 2.7% gain and exposed bitcoin to […]

Bitcoin Upside Stalls; Lower Support at $38K-$40K

Bitcoin Upside Stalls; Lower Support at $38K-$40K

Bitcoin is up about 20% over the past week, compared to a 25% rise in ether, the world’s second-largest cryptocurrency by market value. Bitcoin (BTC) is roughly flat over the past 24 hours as the rally near $45,000 appears exhausted. Short-term overbought signals could encourage profit-taking, although buyers will likely return around the $38,000 to […]

Bitcoin Rebounds Above $30K; Resistance Seen at $34K

Bitcoin Rebounds Above $30K; Resistance Seen at $34K

Bitcoin (BTC) returned above $30,000 support during Asia hours as buyers reacted to oversold conditions. The next level of resistance is seen around $32,000 and $34,000 given the intermediate-term downtrend. The quick rebound above $30,000 is similar to the June 22 shakeout which preceded a brief price rally. Bitcoin was trading around $31,400 at press […]

Bitcoin Holds $30K Support After Volatile Shakeout; Resistance at $36K

Bitcoin Holds $30K Support After Volatile Shakeout; Resistance at $36K

Bitcoin (BTC) returned above the $30,000 level on Tuesday after a volatile trading session. Buyers quickly stepped in as oversold conditions appeared on intraday charts. The next level of resistance is seen around $36,000, which could limit further upside. The world’s largest cryptocurrency by market value was trading around $34,000 at press time and is […]

Bitcoin Sell-Off Could Stabilize Around $42K Support

Bitcoin Sell-Off Could Stabilize Around $42K Support

BTC remains under pressure and could find lower support near $42K as long-term momentum wanes. Sellers remained active on Wednesday as bitcoin (BTC) dropped below $50,000 after Tesla halted acceptance of payments for new vehicles in the currency. The cryptocurrency was trading around $49,400 at press time and could find lower support around $42,000. Long-term momentum continues […]

Bitcoin Stabilizes Near Support; Resistance Around $56K-$58K

Bitcoin Stabilizes Near Support; Resistance Around $56K-$58K

Bitcoin (BTC) has fully recovered from Thursday’s price drop of almost 5%. The cryptocurrency was trading around $54,000 at the time of writing after holding support at around $52,000. The short-term trend is improving, although there is strong resistance around $56,000 and $58,000 that could limit upside into the weekend. The relative strength index (RSI) […]