3 Factors May Send Bitcoin Price Back To $80K

BTC

BTC/USDT

$62,621.24

+1.82%

$62,621.24

+1.82%

(24s)

24h Volume

$20,837,074,047.18

24h H/L

$62,857.99 / $60,755.00

Change: $2,102.99 (3.46%)

Long/Short

65.8%

Long: 65.8%Short: 34.2%

Funding Rate

+0.0063%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$62,634.60

▲ 1.83%

Volume (24h): -

Resistance Levels

Resistance 3$68,191.60

Resistance 2$64,728.62

Resistance 1$62,883.93

Price$62,634.60

Support 1$61,824.64

Support 2$59,130.91

Support 3$52,679.32

Pivot (PP):$62,331.20

Trend:Downtrend

RSI (14):29.0

Cointelegraph Staff

(09:47 PM UTC)

1 min read

Updated byDavid Kim

1498 views

Key takeaways:

Aggressive Bitcoin buying by Strategy helped to offset the recent leveraged long liquidations.
Rising bond yields and a heavy US government debt burden are driving investors toward scarce assets.
A potential deal between the US and Iran could quickly restore traders’ risk appetite.

Bitcoin (BTC) faced a rejection following a failed attempt to break above $82,000 on Thursday. A…