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.
DISCLOSURE
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Bitcoin traded near $77,350 after $6.3 billion Binance hack, with crypto futures liquidations jumping to…
Bets on rising prices accounted for nearly 84% of forced closures, with Binance handling almost…
All 18,270 coins sit in 19 wallets, 17 of them holding exactly 1,000 BTC each,…
Bitcoin and ether slid after a suspected $6.3 billion Binance security breach and a Polymarket…
Bitcoin Magazine Bitcoin Price Briefly Slides to $76,300 as Binance Confirms Hack Estimated at $6.3…
Bitcoin Magazine Bitcoin Price Slides Below $79,000 as Binance Loses $5.8 Billion in Massive Hack…