Bitcoin Stalls Below $48K Resistance; Support at $40K-$43K – CoinDesk

Bitcoin is stuck in a tight range, albeit with occasional price swings.

Resistance at $48,000 and $50,000 have capped price rallies over the past four months, which means sellers are in control.

Still, the current pullback appears to be temporary, similar to what occurred in September of last year.

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.

As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period.

…Read the full story