As BTC Tests $62,000, How Low Can Bitcoin Go?

BTC

BTC/USDT

$84,400.00

+0.54%

$84,400.00

+0.54%

(24s)

24h Volume

$21,115,214,196.74

24h H/L

$84,942.45 / $82,874.93

Change: $2,067.52 (2.49%)

Long/Short

57.5%

Long: 57.5%Short: 42.5%

Funding Rate

+0.0021%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$84,264.00

▼ -0.17%

Volume (24h): -

Resistance Levels

Resistance 3$94,549.91

Resistance 2$86,763.46

Resistance 1$84,366.01

Price$84,264.00

Support 1$83,209.30

Support 2$77,001.87

Support 3$75,259.66

Pivot (PP):$84,075.87

Trend:Uptrend

RSI (14):64.9

Decrypt Editorial

(01:06 PM UTC)

1 min read

Verified bySarah Chen

Bitcoin fell 17% from just under $74,000 Monday to an intraday low of $61,556 Thursday, triggering $4.47 billion in total crypto liquidations over the period.
Data from derivatives and options markets show weak demand and increased downside protection bets.
Analysts see potential for another leg lower into the $50,000s, with a bottom possible in three to six months.

Bitcoin continued to…