Bitcoin is stabilizing after a near-10% drop from the $48,000 resistance level earlier this week.
The relative strength index on intraday charts are rising from oversold levels, which could keep short-term buyers active into the Asia trading day.
BTC will need to make a decisive move above above $45,000 in order to yield upside price targets, initially toward $50,966.
That means BTC will need to maintain stronger support above $37,560 to keep the three-month uptrend of higher price lows stable.
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