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via Cointelegraph · By Cointelegraph Staff

Bitcoin Dips Under $70K as Market Enters New ‘Distribution’ Phase

BTC

BTC/USDT

$63,008.57

-0.07%

$63,008.57

-0.07%

(24s)

24h Volume

$2,192,733,522.74

24h H/L

$63,175.00 / $62,946.58

Change: $228.42 (0.36%)

Long/Short

68.0%

Long: 68.0%Short: 32.0%

Funding Rate

+0.0019%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,013.62

▼ -0.11%

Volume (24h): -

Resistance Levels

Resistance 3$64,901.59

Resistance 2$63,880.33

Resistance 1$63,135.87

Price$63,013.62

Support 1$62,882.63

Support 2$62,275.00

Support 3$61,056.47

Pivot (PP):$63,064.66

Trend:Downtrend

RSI (14):42.7

Cointelegraph Staff

(11:09 AM UTC)

1 min read

Updated byJames Mitchell

0 comments

Bitcoin (BTC) sellers took control during the European trading session on Tuesday as the BTC/USD pair slipped below the $70,000 mark for the first time since April.

Analysts said that Bitcoin has entered another distribution phase due to high selling pressure and investors realizing losses.

Key takeaways:

Bitcoin sees renewed distribution as short-term holders sell at a loss and exchange inflows…

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Source

Cointelegraph Staff · Cointelegraph

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