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via Cointelegraph · By Cointelegraph Staff

Bitcoin Demand Weakens as BTC Price Risks Prolonged Consolidation

BTC

BTC/USDT

$63,136.01

+0.03%

$63,136.01

+0.03%

(24s)

24h Volume

$2,102,296,023.01

24h H/L

$63,175.00 / $62,968.45

Change: $206.55 (0.33%)

Long/Short

67.7%

Long: 67.7%Short: 32.3%

Funding Rate

+0.0035%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,100.89

▲ 0.02%

Volume (24h): -

Resistance Levels

Resistance 3$64,507.45

Resistance 2$63,879.31

Resistance 1$63,135.87

Price$63,100.89

Support 1$62,993.17

Support 2$61,814.38

Support 3$61,056.47

Pivot (PP):$63,064.66

Trend:Downtrend

RSI (14):43.3

Cointelegraph Staff

(12:49 PM UTC)

1 min read

Approved byDavid Kim

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…

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Source

Cointelegraph Staff · Cointelegraph

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