BREAKING
197d 22h ago

Analyst Highlights Extreme Selling Pressure but Positive Rebound for Bitcoin (BTC) This Week

BTC

BTC/USDT

$71,354.77
+3.55%
24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short
65.5%
Long: 65.5%Short: 34.5%
Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$71,351.87

2.98%

Volume (24h): -

Resistance Levels
Resistance 3$79,008.03
Resistance 2$75,548.63
Resistance 1$72,179.52
Price$71,351.87
Support 1$70,589.27
Support 2$67,300.00
Support 3$62,909.86
Pivot (PP):$70,598.27
Trend:Downtrend
RSI (14):35.3

Market analysts highlight that the current selling pressure in the cryptocurrency sector has reached an unusually high intensity within this cycle. Despite this, the recent rebound in Bitcoin (BTC) prices signals a potential stabilization phase, reflecting underlying market resilience. Investors should note that such price corrections are typical in volatile asset classes like crypto, often preceding consolidation or recovery periods. This dynamic underscores the importance of monitoring key indicators to gauge market sentiment accurately. The observed price recovery may indicate renewed confidence among traders, suggesting a cautious but optimistic outlook for BTC’s short-term trajectory.

Share News:
Don't Miss Breaking News