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via Cointelegraph · By Cointelegraph Staff

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

BTC

BTC/USDT

$64,240.00

+0.77%

$64,240.00

+0.77%

(24s)

24h Volume

$9,358,003,760.19

24h H/L

$64,588.00 / $63,184.21

Change: $1,403.79 (2.22%)

Long/Short

63.6%

Long: 63.6%Short: 36.4%

Funding Rate

+0.0001%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$64,265.99

▼ -0.05%

Volume (24h): -

Resistance Levels

Resistance 3$68,191.60

Resistance 2$66,255.03

Resistance 1$64,743.28

Price$64,265.99

Support 1$64,162.78

Support 2$62,255.66

Support 3$59,130.91

Pivot (PP):$64,353.39

Trend:Downtrend

RSI (14):40.5

Cointelegraph Staff

(04:09 PM UTC)

1 min read

Reviewed byEmily Watson

884 views

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…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

Cointelegraph Staff · Cointelegraph

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