Bitcoin Due One More Dip Before BTC Price Uptrend Continues, Traders Agree

BTC

BTC/USDT

$79,959.10

-0.05%

$79,959.10

-0.05%

(24s)

24h Volume

$7,239,594,248.93

24h H/L

$80,107.99 / $79,233.00

Change: $874.99 (1.10%)

Long/Short

53.2%

Long: 53.2%Short: 46.8%

Funding Rate

+0.0022%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,744.00

▼ -0.11%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$81,908.22

Resistance 1$79,779.60

Price$79,744.00

Support 1$79,635.96

Support 2$77,455.78

Support 3$73,033.65

Pivot (PP):$79,824.58

Trend:Sideways

RSI (14):66.4

Cointelegraph Staff

(02:56 PM UTC)

1 min read

Verified byDavid Kim

Bitcoin (BTC) eyed $81,000 into Sunday’s weekly close as traders saw a fresh support retest next.

Key points:

Bitcoin preserves $80,000 over the weekend, but traders are waiting for a dip to retest a familiar chart feature.
Continuation higher remains the overall consensus for what happens afterward.
US CPI data is due out, with Bitcoin already "pricing in" the result.