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via Cointelegraph · By Cointelegraph Staff

Bitcoin Falls Below $78,000 as Analysis Eyes a New Bear Trap

BTC

BTC/USDT

$64,768.01

+0.84%

$64,768.01

+0.84%

(24s)

24h Volume

$5,313,923,026.53

24h H/L

$64,940.51 / $64,220.05

Change: $720.46 (1.12%)

Long/Short

64.3%

Long: 64.3%Short: 35.7%

Funding Rate

+0.0020%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$64,740.78

▲ 0.57%

Volume (24h): -

Resistance Levels

Resistance 3$70,467.59

Resistance 2$66,379.48

Resistance 1$65,295.47

Price$64,740.78

Support 1$64,050.00

Support 2$61,824.97

Support 3$57,800.19

Pivot (PP):$64,220.09

Trend:Uptrend

RSI (14):52.3

Cointelegraph Staff

(05:07 PM UTC)

1 min read

Reviewed byJames Mitchell

1292 views

0 comments

Bitcoin (BTC) circled $78,000 on Saturday after geopolitical headwinds erased most of its May gains.

Key points:

Bitcoin falls below $78,000 for the first time since the start of May.
Oil-supply woes combine with existing nerves over US bond markets, adding to headwinds for risk assets.
Support weakness has traders looking at $75,000 and under next, while optimists see a "bear trap" forming.

Multiple…

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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Cointelegraph Staff · Cointelegraph

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