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via Cointelegraph · By Cointelegraph Staff

Bitcoin Buyers Stack $512M Bids Near $70K Support: Is A Reversal Ahead?

BTC

BTC/USDT

$63,005.96
+0.03%
24h Volume

$2,175,079,662.80

24h H/L

$63,175.00 / $62,946.58

Change: $228.42 (0.36%)

Long/Short
68.0%
Long: 68.0%Short: 32.0%
Funding Rate

+0.0033%

Longs pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$62,987.62

-0.16%

Volume (24h): -

Resistance Levels
Resistance 3$64,507.45
Resistance 2$63,879.31
Resistance 1$63,135.87
Price$62,987.62
Support 1$62,882.63
Support 2$61,354.99
Support 3$57,800.19
Pivot (PP):$63,064.66
Trend:Downtrend
RSI (14):42.5
CS
Cointelegraph Staff
(10:45 PM UTC)
1 min read
JM
Reviewed byJames Mitchell

Bitcoin (BTC) traders have placed new buy orders near $70,000 as the price approaches a key liquidity zone. Order-book data shows more than $500 million in bid liquidity between $72,000 and $70,000, creating a demand zone that could shape BTC’s next move.

BTC buy bids form key support zone

Data from CoinGlass shows dip buyers have placed 6,235 BTC in bid liquidity between $72,000 and $70,000. At…

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Source

Cointelegraph Staff · Cointelegraph

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