3 Factors May Send Bitcoin Price Back To $80K

BTC

BTC/USDT

$63,182.00

+0.18%

$63,182.00

+0.18%

(24s)

24h Volume

$2,787,658,450.66

24h H/L

$63,390.00 / $62,968.45

Change: $421.55 (0.67%)

Long/Short

68.5%

Long: 68.5%Short: 31.5%

Funding Rate

+0.0032%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,219.99

▲ 0.21%

Volume (24h): -

Resistance Levels

Resistance 3$66,088.35

Resistance 2$64,507.45

Resistance 1$63,398.11

Price$63,219.99

Support 1$62,993.17

Support 2$61,814.38

Support 3$61,056.47

Pivot (PP):$63,064.66

Trend:Downtrend

RSI (14):44.4

Cointelegraph Staff

(09:47 PM UTC)

1 min read

Updated byDavid Kim

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…