Register
Support Center

FAMEEX provides a user-friendly, secure, reliable, and excellent crypto trading experience. Download our mobile APP and Trade your Bitcoin anywhere and whenever you want!To trade

Search
Support CenterNewsDigital Gold Bitcoin Holding Support at $60K; Could Face Resistance at $63K-$65K as analysts positive about the upward trend
Digital Gold Bitcoin Holding Support at $60K; Could Face Resistance at $63K-$65K as analysts positive about the upward trend
2021/11/18 15:04:25



The long-term uptrend remains intact despite slowing price momentum.Bitcoin (BTC) is stabilizing around the $60,000 support level after declining about 15% from an all-time high near $69,000.


The cryptocurrency is roughly flat over the past 24 hours and could see further upside toward the $63,000-$65,000 resistance zone.


Both the 50-day and 100-day moving averages are sloping upward, indicating a positive intermediate-term trend. This means buyers could remain active on pullbacks given strong price support above $53,000.


For now, the relative strength index (RSI) on the daily chart is below a neutral reading of 50, which means a period of consolidation could continue until a decisive breakout or breakdown is confirmed.

(Article Courtesy of CoinDesk)

Related Articles
Copyright © 2018-2021 FAMEEX.COM All Rights Reserved
FAMEEX APPMobile trading, anytime, anywhere
Download