Bitcoin Rangebound Above $46K Support; Resistance at $55K

Bitcoin Rangebound Above $46K Support; Resistance at $55K

Bitcoin is stuck in a short-term downtrend, defined by lower price highs over the past month. However, price indicators suggest selling pressure could slow into the Asia trading day. This means intraday trading volume could rise around the 100-period moving average (currently around $54,500) on the four-hour chart.

Originally Posted on: https://www.coindesk.com/markets/2021/12/08/bitcoin-rangebound-above-46k-support-resistance-at-55k/
By: Damanick Dantes

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