Bitcoin Faces Initial Resistance at $46K; Support at $42K

Bitcoin Faces Initial Resistance at $46K; Support at $42K

On the weekly chart, BTC established a higher price low relative to the June 2021 bottom of around $28,800. The latest cycle low was achieved this year on Jan. 24 at $33,100, indicating renewed buying strength. Further, momentum signals are on the verge of turning positive, which could support a short-term relief rally.

Originally Posted on: https://www.coindesk.com/markets/2022/03/25/bitcoin-faces-initial-resistance-at-46k-support-at-42k/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
By: Damanick Dantes

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