Bitcoin Drops 4% From Daily High, Experts Eye Support at $57.2K-$57.4K

BTC

BTC/USDT

$71,354.77

+3.55%

$71,354.77

+3.55%

(24s)

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

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

**Bitcoin Experiences a 4% Dip from Daily High, Trades at $58,800**

Bitcoin is currently trading at $58,800, reflecting a 4% drop from its daily peak of $61,400. Experts suggest that if the decline persists, the first minor yet strong support levels can be anticipated within the $57,200 to $57,400 range. The fluctuation comes amid continued scrutiny and speculation in the cryptocurrency market, keeping traders’ eyes closely on the support levels that could stabilize Bitcoin’s value in the short term.

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