Bitcoin (BTC) price bounces have been short-lived, lacking significant momentum for a turnaround. Lower support is seen at $25K-$27K and resistance at $33K.Read MoreFeedzy
BTC was trading at about $29,800 at press time and is down by 4% over the past 24 hours.
Still, indicators can remain oversold for several weeks, especially within a price downtrend. That means upside could be limited for BTC, with immediate resistance at the 50-day moving average of $33,371.
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