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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

$64,212.71

+1.47%

$64,212.71

+1.47%

(24s)

24h Volume

$10,091,040,569.89

24h H/L

$64,388.00 / $63,184.21

Change: $1,203.79 (1.91%)

Long/Short

64.1%

Long: 64.1%Short: 35.9%

Funding Rate

+0.0013%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$64,098.92

▲ 0.87%

Volume (24h): -

Resistance Levels

Resistance 3$68,191.60

Resistance 2$66,693.78

Resistance 1$64,702.42

Price$64,098.92

Support 1$63,888.18

Support 2$61,890.26

Support 3$59,130.91

Pivot (PP):$63,890.38

Trend:Downtrend

RSI (14):39.8

Cointelegraph Staff

(11:46 AM UTC)

1 min read

Verified bySarah Chen

1404 views

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…

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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Source

Cointelegraph Staff · Cointelegraph

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