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

BTC

BTC/USDT

$63,199.99

+0.21%

$63,199.99

+0.21%

(24s)

24h Volume

$4,596,764,313.27

24h H/L

$63,390.00 / $62,716.00

Change: $674.00 (1.07%)

Long/Short

69.0%

Long: 69.0%Short: 31.0%

Funding Rate

+0.0024%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,119.67

▲ 0.35%

Volume (24h): -

Resistance Levels

Resistance 3$65,254.36

Resistance 2$64,507.45

Resistance 1$63,135.87

Price$63,119.67

Support 1$62,997.79

Support 2$62,320.84

Support 3$61,340.19

Pivot (PP):$63,002.00

Trend:Downtrend

RSI (14):44.0

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.