Bitcoin Coinbase Premium Drop Hints At Critical Pivot For BTC

BTC

BTC/USDT

$63,298.33

+0.36%

$63,298.33

+0.36%

(24s)

24h Volume

$2,369,467,313.33

24h H/L

$63,340.00 / $62,968.45

Change: $371.55 (0.59%)

Long/Short

67.7%

Long: 67.7%Short: 32.3%

Funding Rate

+0.0032%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,133.51

▲ 0.08%

Volume (24h): -

Resistance Levels

Resistance 3$64,507.45

Resistance 2$63,879.31

Resistance 1$63,135.87

Price$63,133.51

Support 1$62,993.17

Support 2$61,814.38

Support 3$61,056.47

Pivot (PP):$63,064.66

Trend:Downtrend

RSI (14):43.6

Cointelegraph Staff

(10:53 PM UTC)

1 min read

Updated byDavid Kim

0 comments

Bitcoin (BTC) demand on Coinbase points to early signs of market stabilization as BTC reclaimed the upper bounds of its range highs. The 14-day trend of the Coinbase Premium Index has remained in an uptrend, suggesting steady buyer interest despite traders taking $1.14 billion in profits, which pushed the daily Coinbase premium to a six-week low.