Bitcoin Coinbase Premium Drop Hints At Critical Pivot For BTC

BTC

BTC/USDT

$63,845.24

+0.49%

$63,845.24

+0.49%

(24s)

24h Volume

$16,349,879,335.19

24h H/L

$64,394.44 / $62,829.81

Change: $1,564.63 (2.49%)

Long/Short

61.9%

Long: 61.9%Short: 38.1%

Funding Rate

+0.0006%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,844.01

▲ 0.34%

Volume (24h): -

Resistance Levels

Resistance 3$70,964.83

Resistance 2$67,188.13

Resistance 1$64,638.82

Price$63,844.01

Support 1$62,947.13

Support 2$61,056.47

Support 3$59,130.91

Pivot (PP):$63,689.42

Trend:Downtrend

RSI (14):33.9

Cointelegraph Staff

(10:53 PM UTC)

1 min read

Updated byDavid Kim

1212 views

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.