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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

$79,660.00

-1.49%

$79,660.00

-1.49%

(24s)

24h Volume

$17,375,002,079.48

24h H/L

$81,423.03 / $78,660.00

Change: $2,763.03 (3.51%)

Long/Short

52.6%

Long: 52.6%Short: 47.4%

Funding Rate

-0.0020%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,697.72

▲ 0.05%

Volume (24h): -

Resistance Levels

Resistance 3$91,281.84

Resistance 2$88,315.23

Resistance 1$80,811.61

Price$79,697.72

Support 1$79,507.02

Support 2$76,172.06

Support 3$74,131.55

Pivot (PP):$79,916.17

Trend:Sideways

RSI (14):66.5

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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