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Bitcoin Price Drop Momentum Seems To End - Receives Support At $45k.
2021-12-04 | Eddy Morgan
Bitcoin Price Chart - Source: CoinMarketCap
Upside momentum seems to be slowed for the next 24 hours as per hourly price charts, which means the upside could be limited toward $48k resistance. For now, the intermediate-term uptrend remains complete given the upward leaning 100- day moving average. Additionally, the relative strength indicator (RSI) on the daily chart is just below the neutral zone, although buying has been weak following an oversold situation recorded earlier on 26th November.
