Bitcoin
$43,462.69-0.24%
Ethereum
$3,075.96+1.36%
XRP
$0.958430+3.76%
Cardano
$2.21+7.75%
Polkadot
$30.06+3.83%
Stellar
$0.286282+2.82%
Dogecoin
$0.215656+2.81%
Chainlink
$24.26+0.12%
Uniswap
$21.53-0.20%
Polygon
$1.18+1.92%
Litecoin
$161.64+2.41%
Bitcoin Cash
$550.01+0.08%
Cosmos
$36.75-3.79%
Algorand
$1.81+8.30%
Wrapped Bitcoin
$43,565.85-0.36%
Filecoin
$76.08+1.58%
The Graph
$0.729117+3.86%
Tron
$0.094959+1.33%
Ethereum Classic
$50.25+2.21%
Aave
$305.78+0.89%
Tezos
$5.48+1.54%
Monero
$236.40+1.04%
NEO
$42.15-1.12%
EOS
$4.28-0.78%
IOTA
$1.35-0.01%
BitTorrent
$0.003442+0.99%
Bitcoin SV
$147.72+3.49%
Maker
$2,526.99+1.15%
Waves
$24.48+2.82%
Dash
$176.86-0.92%
Decred
$121.14-4.32%
Decentraland
$0.693768-1.98%
ICON
$1.67+6.67%
OmiseGO
$10.49+26.38%
NEM
$0.159476+1.46%
Zcash
$120.15+0.81%
NuCypher
$0.292497+3.92%
Yearn Finance
$30,340.87+1.89%
Qtum
$10.69+1.27%
Paxos Standard
$1.00+0.02%
Bitcoin Gold
$55.81-0.12%
Basic Attention Token
$0.674140+2.81%
0x
$0.943196+1.83%
Ren
$0.847433+10.34%
Bancor
$3.62+0.21%
Fetch.ai
$0.698722+5.38%
Band Protocol
$7.86+0.10%
Siacoin
$0.015870+0.02%
Kava.io
$5.29+1.13%
Nano
$4.98+5.14%
Loopring
$0.414957+2.73%
Storj
$1.17+1.85%
Lisk
$3.21+4.00%
Numeraire
$41.36+0.12%
Civic
$0.431294+1.27%
Orchid
$0.338858+5.06%
PAX Gold
$1,771.95+0.33%
Augur
$22.33-0.24%
Aragon
$5.08-4.43%
Enzyme
$106.68-0.42%
district0x
$0.156282+3.53%
Kyber Network
$1.54+1.48%
SingularDTV
$0.001341-3.87%
Tether
$0.999976-0.02%
USD Coin
$1.00-0.04%
Dai
$1.00-0.02%

Bitcoin Stabilizes; Faces Resistance at $48K-$50K

Upside appears limited as bitcoin consolidates near support.

Sep 14, 2021 at 11:04 a.m. UTC
Updated Sep 14, 2021 at 11:04 a.m. UTC

Bitcoin (BTC) continues to consolidate above the $42,000 support level as short-term momentum improves. The cryptocurrency was trading around $45,900 at press time, which is near the 200-day moving average, and is up about 2% over the past 24 hours.

Buyers are returning, although upside appears to be limited towards $48,000 to $50,000 resistance over the short-term.

  • The relative strength index (RSI) on the four-hour chart is rising from oversold levels last week and is not yet overbought. This could encourage a brief price bounce.
  • Bitcoin remains below the 100-period moving average on the four-hour chart, which was rejected during the sell-off last week.
  • BTC will likely consolidate around the current support zone, albeit vulnerable to higher volatility.

DISCLOSURE

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.

Damanick does not own cryptocurrencies.

Loading...