Bitcoin Bulls Are Defending One Key Level, Losing It Means a 10% Fall

BTC

BTC/USDT

$79,759.99

+0.01%

$79,759.99

+0.01%

(24s)

24h Volume

$6,284,575,927.66

24h H/L

$80,200.00 / $79,442.00

Change: $758.00 (0.95%)

Long/Short

52.7%

Long: 52.7%Short: 47.3%

Funding Rate

+0.0009%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,736.01

▲ 0.09%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$82,300.00

Resistance 1$79,796.06

Price$79,736.01

Support 1$79,635.96

Support 2$76,187.99

Support 3$74,131.55

Pivot (PP):$79,916.17

Trend:Sideways

RSI (14):66.6

Ananda Banerjee

(07:23 AM UTC)

1 min read

Approved byEmily Watson

0 comments

Bitcoin (BTC) price is sitting on a knife’s edge near $73,300 after a bearish pattern broke down on May 28, opening a path toward a roughly 10% slide.

Yet the breakdown has stalled. On-chain holders and a quiet derivatives market are quietly defending the line. And one technical level is the only thing standing between range-bound calm and a deeper crash.