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via Cointelegraph · By Cointelegraph Staff

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

BTC

BTC/USDT

$62,604.40

-3.20%

$62,604.40

-3.20%

(24s)

24h Volume

$19,819,084,714.67

24h H/L

$64,805.07 / $61,938.00

Change: $2,867.07 (4.63%)

Long/Short

68.6%

Long: 68.6%Short: 31.4%

Funding Rate

+0.0015%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$62,254.00

▼ -2.76%

Volume (24h): -

Resistance Levels

Resistance 3$65,654.82

Resistance 2$64,293.11

Resistance 1$62,866.16

Price$62,254.00

Support 1$61,834.89

Support 2$60,524.98

Support 3$59,097.99

Pivot (PP):$62,822.46

Trend:Downtrend

RSI (14):36.2

Cointelegraph Staff

(11:09 AM UTC)

1 min read

Updated byJames Mitchell

700 views

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…

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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