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

BTC

BTC/USDT

$79,943.99

+0.24%

$79,943.99

+0.24%

(24s)

24h Volume

$6,936,582,021.60

24h H/L

$80,107.99 / $79,233.00

Change: $874.99 (1.10%)

Long/Short

53.1%

Long: 53.1%Short: 46.9%

Funding Rate

+0.0025%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,812.01

▼ -0.02%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$81,908.22

Resistance 1$80,157.58

Price$79,812.01

Support 1$79,635.96

Support 2$77,523.79

Support 3$73,033.65

Pivot (PP):$79,824.58

Trend:Sideways

RSI (14):66.7

Cointelegraph Staff

(12:26 PM UTC)

1 min read

Verified byMichael Roberts

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.