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via Cointelegraph · By Cointelegraph Staff

Bitcoin Eyes New August Lows as Binance Longs Face a ‘Cleanout’

BTC

BTC/USDT

$63,090.00

-0.05%

$63,090.00

-0.05%

(24s)

24h Volume

$2,488,917,373.76

24h H/L

$63,175.00 / $62,920.00

Change: $255.00 (0.41%)

Long/Short

67.9%

Long: 67.9%Short: 32.1%

Funding Rate

+0.0026%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,133.03

▲ 0.07%

Volume (24h): -

Resistance Levels

Resistance 3$66,089.72

Resistance 2$64,397.36

Resistance 1$63,626.50

Price$63,133.03

Support 1$62,999.35

Support 2$62,275.00

Support 3$61,056.47

Pivot (PP):$63,064.66

Trend:Downtrend

RSI (14):43.6

Cointelegraph Staff

(10:43 AM UTC)

1 min read

Verified byDavid Kim

0 comments

Bitcoin (BTC) long positions are “facing liquidation” as volatility shows signs that a range breakout is finally coming.

Key points:

Bitcoin long positions face multiple threats as BTC price action heads toward new August lows, analyst warns.
The correlation between Binance open interest and price reached 0.25 on Thursday as both fell.
The Bitcoin bull market is not ready to make a comeback…

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Source

Cointelegraph Staff · Cointelegraph

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