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via Cointelegraph · By Cointelegraph Staff

Bitcoin and several major altcoins are at a crucial juncture

BTC

BTC/USDT

$61,650.17

+2.90%

$61,650.17

+2.90%

(24s)

24h Volume

$21,265,992,321.78

24h H/L

$62,200.00 / $59,837.84

Change: $2,362.16 (3.95%)

Long/Short

64.2%

Long: 64.2%Short: 35.8%

Funding Rate

+0.0058%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$61,498.01

▼ -0.10%

Volume (24h): -

Resistance Levels

Resistance 3$67,357.45

Resistance 2$63,696.53

Resistance 1$61,597.19

Price$61,498.01

Support 1$61,323.28

Support 2$59,588.00

Support 3$58,115.01

Pivot (PP):$61,441.62

Trend:Downtrend

RSI (14):43.6

Cointelegraph Staff

(06:09 PM UTC)

1 min read

Reviewed bySarah Chen

1484 views

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…

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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