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via Cointelegraph · By Cointelegraph Staff
Bitcoin Falls Below $78,000 as Analysis Eyes a New Bear Trap
BTC
BTC/USDT
$62,837.87
-0.02%
$62,837.87
-0.02%
(24s)24h Volume
$11,397,612,968.82
24h H/L
$63,999.00 / $62,436.59
Change: $1,562.41 (2.50%)
Long/Short
62.5%
Long: 62.5%Short: 37.5%
Funding Rate
+0.0021%
Longs pay
Data provided by COINOTAG DATALive data
CS
Cointelegraph Staff(05:07 PM UTC)
1 min read
1292 views
0 commentsBitcoin (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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