Community Articles

via Cointelegraph · By Cointelegraph Staff

Bitcoin Momentum Weakens as BTC Price Support at $75K Becomes Key

BTC

BTC/USDT

$63,328.78

+0.40%

$63,328.78

+0.40%

(24s)

24h Volume

$2,373,046,972.91

24h H/L

$63,340.00 / $62,968.45

Change: $371.55 (0.59%)

Long/Short

67.7%

Long: 67.7%Short: 32.3%

Funding Rate

+0.0032%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,133.51

▲ 0.08%

Volume (24h): -

Resistance Levels

Resistance 3$64,507.45

Resistance 2$63,879.31

Resistance 1$63,135.87

Price$63,133.51

Support 1$62,993.17

Support 2$61,814.38

Support 3$61,056.47

Pivot (PP):$63,064.66

Trend:Downtrend

RSI (14):43.6

Cointelegraph Staff

(11:40 AM UTC)

1 min read

Verified byJames Mitchell

0 comments

Market analysts say Bitcoin (BTC) is showing “momentum exhaustion” after its 8% drop from multi-month highs above $82,000, with bulls expected to defend key crucial support levels.

Key takeaways:

Bitcoin momentum weakens after rejection above the $82,000 level.
Analysts warn BTC could fall to $65,000 if support at $74,000-$76,000 fails.

Bitcoin’s price momentum is “weakening”

Private wealth…

Add COINOTAG as a Preferred Source

Add COINOTAG to your preferred sources in Google News and Search to see our coverage first.

Add on Google

Source

Cointelegraph Staff · Cointelegraph

Read original →

Live BTC price →More BTC news →

Comments