Community Articles
via Cointelegraph · By Cointelegraph Staff
Bitcoin Must Break Through This Level to Avoid a $50,000 Comedown
BTC
BTC/USDT
$59,878.52
-2.72%
$59,878.52
-2.72%
(24s)24h Volume
$33,281,228,134.20
24h H/L
$61,962.40 / $58,115.01
Change: $3,847.39 (6.62%)
Long/Short
68.3%
Long: 68.3%Short: 31.7%
Funding Rate
+0.0011%
Longs pay
Data provided by COINOTAG DATALive data
CS
Cointelegraph Staff(11:20 AM UTC)
1 min read
772 views
0 commentsBitcoin (BTC) is approaching its “most critical” resistance hurdle of the bear market, new BTC price analysis says.
Key points:
- Bitcoin has arguably its most important resistance battle at $84,000.
- A failure to reclaim a 200-day trend line opens up the road down to $50,000 lows, warns analysis.
- The bull market support band needs to hold in the event of a corrective phase.
Bitcoin faces battle to avoid…
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.
Add COINOTAG as a Preferred Source
Add COINOTAG to your preferred sources in Google News and Search to see our coverage first.
Add on GoogleComments
Comments
Other Community Articles