Bitcoin Stalls Below $48K Resistance; Support at $40K-$43K
- Date: 10-Apr-2022
- Source: Yahoo News
- Sector:Financial Markets
- Country:Middle East
Bitcoin Stalls Below $48K Resistance; Support at $40K-$43K
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Bitcoin (BTC) is stuck in a tight range, albeit with occasional price swings. The cryptocurrency is approaching a support zone between $40,000 and $43,000, which could stabilize the pullback.
Resistance at $48,000 and $50,000 have capped price rallies over the past four months, which means sellers are in control. Meanwhile, there has been a significant loss of downside momentum, suggesting that buyers could remain active at lower support levels.
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