Community Articles

via CoinDesk · By CoinDesk Staff

Bitcoin falls to lowest Power Law valuation zone since FTX collapse

BTC

BTC/USDT

$63,008.57

-0.07%

$63,008.57

-0.07%

(24s)

24h Volume

$2,191,795,759.92

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

+0.0019%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,013.62

▼ -0.11%

Volume (24h): -

Resistance Levels

Resistance 3$64,901.59

Resistance 2$63,880.33

Resistance 1$63,135.87

Price$63,013.62

Support 1$62,882.63

Support 2$62,275.00

Support 3$61,056.47

Pivot (PP):$63,064.66

Trend:Downtrend

RSI (14):42.7

CoinDesk Staff

(12:01 PM UTC)

1 min read

Reviewed byMichael Roberts

0 comments

Bitcoin hits Power Law level low that historically precedes a rebound

The power law model shows BTC trading at one of its deepest discounts relative to trend, a level previously seen during the March 2020 crash and FTX collapse.

After briefly falling below $66,000 on Wednesday, bitcoin BTC$66,867.09 is trading near the bottom of the Power Law corridor, a level that has historically come shortly…

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

CoinDesk Staff · CoinDesk

Read original →

Live BTC price →More BTC news →

Comments