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via Cointelegraph · By Cointelegraph Staff

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

BTC

BTC/USDT

$79,962.93

+0.23%

$79,962.93

+0.23%

(24s)

24h Volume

$6,235,769,812.62

24h H/L

$80,200.00 / $79,442.00

Change: $758.00 (0.95%)

Long/Short

52.8%

Long: 52.8%Short: 47.2%

Funding Rate

+0.0008%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,999.99

▲ 0.43%

Volume (24h): -

Resistance Levels

Resistance 3$91,281.84

Resistance 2$88,315.23

Resistance 1$82,300.00

Price$79,999.99

Support 1$79,635.96

Support 2$76,187.99

Support 3$74,131.55

Pivot (PP):$79,916.17

Trend:Sideways

RSI (14):67.1

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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