Bitcoin Poised for Breakout as Market Risk Appetite Soars, Says Analyst

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

According to a recent report from FxPro’s senior market analyst, Alex Kuptsikevich, the increased market risk appetite stemming from the Fed’s latest decision has propelled cryptocurrencies to reach a new high over the past three weeks. “The decline observed since March remains intact, and the prior peak around $64,000 approximately aligns with the 200-day moving average. It is our assessment that Bitcoin will meet significant resistance at this threshold. However, should it surpass this barrier, it could pave the way for further gains,” stated Kuptsikevich.

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