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via Cointelegraph · By Cointelegraph Staff

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

BTC

BTC/USDT

$62,969.27

-0.05%

$62,969.27

-0.05%

(24s)

24h Volume

$2,176,577,121.78

24h H/L

$63,175.00 / $62,946.58

Change: $228.42 (0.36%)

Long/Short

68.0%

Long: 68.0%Short: 32.0%

Funding Rate

+0.0008%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,072.43

▼ -0.02%

Volume (24h): -

Resistance Levels

Resistance 3$64,901.59

Resistance 2$63,882.62

Resistance 1$63,121.09

Price$63,072.43

Support 1$62,928.14

Support 2$62,275.00

Support 3$61,056.47

Pivot (PP):$63,064.66

Trend:Downtrend

RSI (14):43.1

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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