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via Cointelegraph · By Cointelegraph Staff

Bitcoin Analysts Say This Must Happen for a ‘Durable’ BTC Price Recovery

BTC

BTC/USDT

$59,435.99

-2.42%

$59,435.99

-2.42%

(24s)

24h Volume

$29,812,891,154.95

24h H/L

$61,962.40 / $58,115.01

Change: $3,847.39 (6.62%)

Long/Short

70.8%

Long: 70.8%Short: 29.2%

Funding Rate

+0.0001%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$59,569.62

▼ -0.38%

Volume (24h): -

Resistance Levels

Resistance 3$70,506.94

Resistance 2$63,906.84

Resistance 1$60,995.63

Price$59,569.62

Support 1$59,292.33

Support 2$57,325.32

Support 3$51,387.09

Pivot (PP):$59,642.11

Trend:Downtrend

RSI (14):30.1

Cointelegraph Staff

(12:26 PM UTC)

1 min read

Verified byMichael Roberts

756 views

0 comments

Bitcoin’s (BTC) relief rally to $82,000 appears to be cooling off, and analysts say key levels must be reclaimed for BTC price to “confirm a durable continuation higher.”

Key takeaways:

Bitcoin must break resistance at $85,000-$88,000 to confirm that the bottom is in.
Profit-taking on rallies must cool down for a sustained breakout in BTC price.

Bitcoin must reclaim $88,000 as support

Bitcoin’s…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

Cointelegraph Staff · Cointelegraph

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