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via Cointelegraph · By Cointelegraph Staff

Bitcoin May Undo Rally After Hitting Resistance: CryptoQuant

BTC

BTC/USDT

$64,706.09

+0.44%

$64,706.09

+0.44%

(24s)

24h Volume

$5,011,804,656.15

24h H/L

$64,940.51 / $64,263.03

Change: $677.48 (1.05%)

Long/Short

64.1%

Long: 64.1%Short: 35.9%

Funding Rate

+0.0020%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$64,695.08

▲ 0.50%

Volume (24h): -

Resistance Levels

Resistance 3$70,467.59

Resistance 2$66,379.48

Resistance 1$65,295.47

Price$64,695.08

Support 1$64,050.00

Support 2$62,290.69

Support 3$57,800.19

Pivot (PP):$64,220.09

Trend:Uptrend

RSI (14):52.1

Cointelegraph Staff

(06:55 AM UTC)

1 min read

Reviewed byEmily Watson

1452 views

0 comments

Bitcoin is at risk of falling into a downtrend after its price hit a key historical “major bear market resistance level” based on its 200-day moving average, according to the crypto analytics firm CryptoQuant.

The cryptocurrency hit its 200-day moving average of $82,400 after rallying over six weeks since early April when it fell to $66,000, CryptoQuant said in a report on Wednesday.

“The 200-day…

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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