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via Cointelegraph · By Cointelegraph Staff

Bitcoin Demand Weakens as BTC Price Risks Prolonged Consolidation

BTC

BTC/USDT

$64,620.01

+0.85%

$64,620.01

+0.85%

(24s)

24h Volume

$4,320,728,384.06

24h H/L

$64,662.99 / $64,043.00

Change: $619.99 (0.97%)

Long/Short

64.9%

Long: 64.9%Short: 35.1%

Funding Rate

+0.0033%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$64,500.80

▲ 0.20%

Volume (24h): -

Resistance Levels

Resistance 3$70,467.59

Resistance 2$66,379.48

Resistance 1$64,630.19

Price$64,500.80

Support 1$64,050.00

Support 2$62,909.86

Support 3$61,824.97

Pivot (PP):$64,220.09

Trend:Uptrend

RSI (14):51.2

Cointelegraph Staff

(12:49 PM UTC)

1 min read

Approved byDavid Kim

1108 views

0 comments

Demand for Bitcoin (BTC) has decreased sharply over the last few days as the price ran into overhead resistance above $80,000. Analysts say BTC’s inability to hold key support levels may be paving the way for a prolonged consolidation.

Key takeaways:

Bitcoin’s apparent demand fell to -3,138 BTC, its lowest level in four months.
Weak spot activity and negative ETF flows pressure the BTC price below…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

Cointelegraph Staff · Cointelegraph

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