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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

$63,072.43

+0.18%

$63,072.43

+0.18%

(24s)

24h Volume

$2,104,319,213.95

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

+0.0000%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,072.43

▼ -0.02%

Volume (24h): -

Resistance Levels

Resistance 3$64,901.59

Resistance 2$63,882.62

Resistance 1$63,121.09

Price$63,072.43

Support 1$62,928.14

Support 2$62,275.00

Support 3$61,056.47

Pivot (PP):$63,064.66

Trend:Downtrend

RSI (14):43.1

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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