Community Articles

via Cointelegraph · By Cointelegraph Staff

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

BTC

BTC/USDT

$79,630.96

-1.77%

$79,630.96

-1.77%

(24s)

24h Volume

$17,295,709,356.85

24h H/L

$81,423.03 / $78,660.00

Change: $2,763.03 (3.51%)

Long/Short

52.6%

Long: 52.6%Short: 47.4%

Funding Rate

-0.0018%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,603.06

▼ -0.07%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$82,300.00

Resistance 1$79,916.17

Price$79,603.06

Support 1$78,324.21

Support 2$76,172.06

Support 3$74,131.55

Pivot (PP):$79,916.17

Trend:Sideways

RSI (14):66.2

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…

Add COINOTAG as a Preferred Source

Add COINOTAG to your preferred sources in Google News and Search to see our coverage first.

Add on Google

Source

Cointelegraph Staff · Cointelegraph

Read original →

Live BTC price →More BTC news →

Comments