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via Cointelegraph · By Cointelegraph Staff

Bitcoin Demand Weakens as BTC Price Risks Prolonged Consolidation

BTC

BTC/USDT

$63,832.00

+0.75%

$63,832.00

+0.75%

(24s)

24h Volume

$17,798,516,980.06

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

$63,877.99

▲ 0.40%

Volume (24h): -

Resistance Levels

Resistance 3$70,964.83

Resistance 2$68,220.73

Resistance 1$64,650.15

Price$63,877.99

Support 1$62,958.46

Support 2$61,056.47

Support 3$59,130.91

Pivot (PP):$63,700.75

Trend:Downtrend

RSI (14):34.1

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…

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Source

Cointelegraph Staff · Cointelegraph

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