Bitcoin (BTC) held support around $50,000 after registering an oversold signal on the four-hour relative strength index (RSI). The next level of resistance is seen around $60,000.

• The four-hour RSI is not yet overbought, which could keep buyers active above the $54,000 support level.
• BTC is now breaking above a series of lower price highs from March 13, which suggests the short-term trend is recovering.
• The daily RSI is back in neutral territory, which previously supported strong price rallies.
• However, traders should continue to monitor intraday resistance levels as the broader uptrend from January slows.