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via Cointelegraph · By Cointelegraph Staff

Bitcoin Faces a 'Likely' Breakdown From a 50-Month Trend Line

BTC

BTC/USDT

$84,073.69

-0.06%

$84,073.69

-0.06%

(24s)

24h Volume

$15,221,876,251.55

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

+0.0013%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$84,007.02

▼ -0.11%

Volume (24h): -

Resistance Levels

Resistance 3$87,335.96

Resistance 2$85,667.07

Resistance 1$84,048.83

Price$84,007.02

Support 1$83,103.66

Support 2$80,169.72

Support 3$77,064.96

Pivot (PP):$84,179.33

Trend:Uptrend

RSI (14):63.9

Cointelegraph Staff

(04:09 PM UTC)

1 min read

Reviewed byEmily Watson

0 comments

Bitcoin (BTC) hovered near two-month lows on Wednesday as 2022 bear-market comparisons returned.

Key points:

Bitcoin traders bring back the 2022 bear market to assess where BTC price action might go next.
History shows a new lower high followed by a breakdown of a key 50-month trend line.
That trend line has held throughout 2026 so far.

Analysis: Bitcoin 50-month trend line break down "likely"

Data…

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Source

Cointelegraph Staff · Cointelegraph

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