Bitcoin Drifts Lower; Stuck Between $40K Support and $45K Resistance

Bitcoin Drifts Lower; Stuck Between K Support and K Resistance
Bitcoin (BTC) has traded in a sideways range over the past week, although buyers continued to hold support around $40,000. The next level of resistance is between $43,000-$45,000, which could limit short-term price gains.BTC is roughly flat over the past 24 hours, as most technical indicators remain neutral into the Asia trading day.The relative strength index (RSI) on the four-hour chart is the most oversold since Jan. 7, which preceded a 10% price bounce. In a downtrend, however, price reaction to oversold readings could be delayed by a few days.For now, sellers remain in control as long-term momentum signals weaken.