Bitcoin and several major altcoins are at a crucial juncture

BTC

BTC/USDT

$79,664.01

-0.25%

$79,664.01

-0.25%

(24s)

24h Volume

$8,040,064,990.22

24h H/L

$80,200.00 / $79,233.00

Change: $967.00 (1.22%)

Long/Short

53.1%

Long: 53.1%Short: 46.9%

Funding Rate

+0.0013%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,711.92

▼ -0.15%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$81,908.22

Resistance 1$79,878.00

Price$79,711.92

Support 1$79,635.96

Support 2$73,033.65

Support 3$70,930.00

Pivot (PP):$79,824.58

Trend:Sideways

RSI (14):66.3

Cointelegraph Staff

(06:09 PM UTC)

1 min read

Reviewed bySarah Chen

0 comments

Key points:

Bitcoin has reached a crucial support, as a break below the $79,000 level may deepen the pullback.
Several major altcoins are facing selling pressure, indicating that the bears remain in the game.

Bitcoin (BTC) extended its pullback on Wednesday and slipped below the $80,000 level. However, analysts remain optimistic about BTC’s prospects in the near term.

Analyst CRG said in a…