Bitcoin (BTC) is approaching overbought levels, although pullbacks from the $48K-$51K resistance zone should be brief. Upside momentum is slowing on intraday charts, but turned positive on the weekly chart.Read MoreFeedzy
The cryptocurrency was trading at about $47,300 at press time and is roughly flat over the past 24 hours.
Upside momentum is starting to fade on intraday charts, which could keep buyers on the sidelines into the Asia trading day. Still, lower support at around $45,000 could stabilize pullbacks.
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