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via Cointelegraph · By Cointelegraph Staff

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

BTC

BTC/USDT

$79,963.61

+0.45%

$79,963.61

+0.45%

(24s)

24h Volume

$7,148,212,095.58

24h H/L

$80,200.00 / $79,545.96

Change: $654.04 (0.82%)

Long/Short

53.1%

Long: 53.1%Short: 46.9%

Funding Rate

+0.0018%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,906.19

▲ 0.09%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$82,260.41

Resistance 1$80,157.58

Price$79,906.19

Support 1$79,635.96

Support 2$77,509.46

Support 3$73,033.65

Pivot (PP):$79,824.58

Trend:Sideways

RSI (14):67.0

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…

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Source

Cointelegraph Staff · Cointelegraph

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