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via Cointelegraph · By Cointelegraph Staff

Bitcoin is Back at the 200-Week Moving Average After Nearly Three Years

BTC

BTC/USDT

$84,073.69

-0.06%

$84,073.69

-0.06%

(24s)

24h Volume

$15,221,876,251.55

24h H/L

$85,255.00 / $83,183.00

Change: $2,072.00 (2.49%)

Long/Short

58.3%

Long: 58.3%Short: 41.7%

Funding Rate

+0.0013%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$84,007.02

▼ -0.11%

Volume (24h): -

Resistance Levels

Resistance 3$87,335.96

Resistance 2$85,667.07

Resistance 1$84,048.83

Price$84,007.02

Support 1$83,103.66

Support 2$80,169.72

Support 3$77,064.96

Pivot (PP):$84,179.33

Trend:Uptrend

RSI (14):63.9

Cointelegraph Staff

(11:46 AM UTC)

1 min read

Verified bySarah Chen

0 comments

Bitcoin (BTC) has tagged a key bear-market trend line with its drop to four-month lows, with a “decent chance” of a rebound next.

Key points:

Bitcoin revisits its 200-week simple moving average after trading above it since October 2023.
The trend line functioned as resistance throughout the 2022 bear-market bottom and rebound.
Bitcoin's daily RSI approaches its most oversold since 2020.

Bitcoin…

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Source

Cointelegraph Staff · Cointelegraph

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