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via Cointelegraph · By Cointelegraph Staff
3 Factors May Send Bitcoin Price Back To $80K
BTCBTC · Live data
$84,575 −1.56%
- 24h Volume$22.83B
- 24h Low / High$83,888 / $87,220
- Long/Short1.25
- Funding Rate−0.0013%
Data provided by COINOTAG DATA
Bitcoin
BTC · Daily (1D)$84,572.07+0.06%
Volume (24h)-
Bitcoin Resistances
Resistance 1$84,891.50Ichimoku Tenkan, MACD Cross+1
Resistance 2$86,574.67Fibo 0.000, Donchian Upper+5
Bitcoin Supports
Support 1$84,021.79Fibo 0.114, EMA 20+5
Support 2$81,122.03LVN, EMA 50+5
Pivot point (PP)$85,208.67
Trend (1D)Uptrend
Bitcoin Fibonacci Retracement
61.8%$69,105.66
50%$72,597.93
38.2%$76,090.20
RSI (14)63.1
Bitcoin technical analysis and outlook
Daily (1D) · Data provided by COINOTAG DATA
CS
Cointelegraph Staff(09:47 PM UTC)
1 min read
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…
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