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via Cointelegraph · By Cointelegraph Staff

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

BTC

BTC/USDT

$62,752.00

-1.45%

$62,752.00

-1.45%

(24s)

24h Volume

$18,091,098,135.32

24h H/L

$63,728.00 / $61,938.00

Change: $1,790.00 (2.89%)

Long/Short

67.2%

Long: 67.2%Short: 32.8%

Funding Rate

+0.0032%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$62,692.00

▼ -0.07%

Volume (24h): -

Resistance Levels

Resistance 3$68,191.60

Resistance 2$64,241.09

Resistance 1$62,981.77

Price$62,692.00

Support 1$61,786.70

Support 2$60,546.45

Support 3$59,130.91

Pivot (PP):$62,757.77

Trend:Downtrend

RSI (14):37.2

Cointelegraph Staff

(11:40 AM UTC)

1 min read

Verified byJames Mitchell

516 views

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…

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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