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via Cointelegraph · By Cointelegraph Staff

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

BTC

BTC/USDT

$84,089.47

-0.40%

$84,089.47

-0.40%

(24s)

24h Volume

$15,077,485,187.68

24h H/L

$85,255.00 / $83,183.00

Change: $2,072.00 (2.49%)

Long/Short

58.3%

Long: 58.3%Short: 41.7%

Funding Rate

-0.0002%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$84,056.77

▼ -0.05%

Volume (24h): -

Resistance Levels

Resistance 3$87,335.96

Resistance 2$85,667.07

Resistance 1$84,123.41

Price$84,056.77

Support 1$84,021.79

Support 2$80,169.72

Support 3$77,064.96

Pivot (PP):$84,179.33

Trend:Uptrend

RSI (14):64.1

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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