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Crypto News

Bitcoin Holding Support Above $40K; Faces Resistance at $43K-$45K

Bitcoin (BTC) continues to hold support above $40,000 as momentum improves on intraday charts. The cryptocurrency is down about 4% over the past week, although multiple oversold readings suggest buyers could remain active into the Asia trading day. As of press time Wednesday, bitcoin was changing hands at $41,822. Still, upside appears to be limited […]

Crypto News

Strike App Won’t Support Bitcoin in Argentina

One Argentinian user, Nicolás, told CoinDesk the app can receive bitcoin payments but immediately converts the cryptocurrency to USDT. He said the Strike wallet only holds USDT. Another Strike user in Argentina, Adam, tweeted that the app was “a disappointment,” describing the app as a custodial wallet that works only with tether under Ethereum’s ERC-20 […]

Crypto News

Bitcoin Holding Support Above $42K; Resistance at $45K-$47K

Bitcoin (BTC) buyers are attempting to reverse a two month-long downtrend. The cryptocurrency declined by roughly 30% from an all-time high near $69,000 in November, and now technical indicators suggest the sell-off is starting to stabilize. BTC was trading around $43,000 at the time of writing, and is up about 3% over the past week. […]

Crypto News

Bitcoin Stalls Near Resistance; Support Around $40K-$42K

The relative strength index (RSI) on the four-hour chart declined near overbought levels, similar to what occurred in late December, which preceded a pullback in price. Buyers will likely remain on the sidelines until oversold conditions materialize, most likely over the next few days.

Crypto News

China-Backed BSN to release infrastructure this month to support NFTs: Report

China-backed Blockchain Services Network will introduce infrastructure this month to support NFTs that have no link to cryptocurrencies, which are banned in China, the South China Morning Post reported on Thursday. He Yifan, chief executive of Red Date Technology, which provides technical support to BSN, told the SCMP that non-fungible tokens “have no legal issue […]

Crypto News

Bitcoin Oversold Near $46K Support; Resistance at $55K

Bitcoin (BTC) continues to hold support above $46,000, which is near its 200-day moving average. The cryptocurrency could see a brief price bounce toward $55,000 if buyers react to oversold signals on the charts. BTC was changing hands around $47,900 at press time and has traded in a tight trading range over the past week. […]

Crypto News

Ether Breaks Short-Term Bullish Trendline, Support Below $3.3K

Ether’s short-term pattern has turned bearish with the cryptocurrency finding acceptance under a crucial support. The native token of Ethereum’s blockchain fell more than 8% on Monday, falling below an uptrend line connecting July and September lows. Ether printed a UTC close under the widely-tracked 100-day moving average with the long-held support level of $3,900 […]

Crypto News

Bitcoin Drops Below $50K; Support Between $43K-$45K

Buying activity remains weak, which reduces the chance of a significant price increase into January. Dec 9, 2021 at 6:34 p.m. UTC Updated Dec 9, 2021 at 6:54 p.m. UTC Bitcoin’s four-hour price chart shows support/resistance levels with RSI in second panel. (Damanick Dantes/CoinDesk, TradingView)