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via Cointelegraph · By Cointelegraph Staff
Bitcoin and several major altcoins are at a crucial juncture
BTCBTC · Live data
$84,859 +0.23%
- 24h Volume$5.32B
- 24h Low / High$84,525 / $85,038
- Long/Short1.26
- Funding Rate+0.0024%
Data provided by COINOTAG DATA
Bitcoin
BTC · Daily (1D)$84,802.16+0.06%
Volume (24h)-
Bitcoin Resistances
Resistance 1$84,817.77Ichimoku Tenkan, R1+1
Resistance 2$86,574.67Fibo 0.000, Donchian Upper+4
Bitcoin Supports
Support 1$84,751.32S1, Fibo 0.114+1
Support 2$82,809.40EMA 20, BB Middle+3
Pivot point (PP)$84,749.07
Trend (1D)Uptrend
Bitcoin Fibonacci Retracement
61.8%$69,105.66
50%$72,597.93
38.2%$76,090.20
RSI (14)63.9
Bitcoin technical analysis and outlook
Daily (1D) · Data provided by COINOTAG DATA
CS
Cointelegraph Staff(06:09 PM UTC)
1 min read
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…
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