Bitcoin has completed a correction to the $45.6 pivot top on Tuesday, following a sharp rejection from the $47K barrier earlier today. The benchmark cryptocurrency now coasts around the $46K level after bears failed to capitalize on the downtick and push for the $45K support and lower.
BTC looks poised to re-emerge in a bullish wave as the hourly stochastic indicator shows that trading conditions are at oversold levels. A recovery above the $46.3K resistance, hourly 100 EMA, should prompt further upward mobility towards the $47K - $48K axis in the near term.
Meanwhile, my resistance levels are at $46,300, $47,000, and $48,000, and my key support levels are at $45,650, $45,000, and $44,000.
Total Market Capitalization: $2.14 trillion
Bitcoin Market Capitalization: $874.2 billion
Bitcoin Dominance: 40.8%
Market Rank: #1
BTC looks poised to re-emerge in a bullish wave as the hourly stochastic indicator shows that trading conditions are at oversold levels. A recovery above the $46.3K resistance, hourly 100 EMA, should prompt further upward mobility towards the $47K - $48K axis in the near term.
Meanwhile, my resistance levels are at $46,300, $47,000, and $48,000, and my key support levels are at $45,650, $45,000, and $44,000.
Total Market Capitalization: $2.14 trillion
Bitcoin Market Capitalization: $874.2 billion
Bitcoin Dominance: 40.8%
Market Rank: #1
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.