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via Cointelegraph · By Cointelegraph Staff

Bitcoin Must Break Through This Level to Avoid a $50,000 Comedown

BTC

BTC/USDT

$79,905.62

-0.02%

$79,905.62

-0.02%

(24s)

24h Volume

$6,951,883,281.06

24h H/L

$80,107.99 / $79,233.00

Change: $874.99 (1.10%)

Long/Short

53.2%

Long: 53.2%Short: 46.8%

Funding Rate

+0.0022%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,918.01

▲ 0.11%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$81,908.22

Resistance 1$80,157.58

Price$79,918.01

Support 1$79,635.96

Support 2$77,523.79

Support 3$73,033.65

Pivot (PP):$79,824.58

Trend:Sideways

RSI (14):67.0

Cointelegraph Staff

(11:20 AM UTC)

1 min read

Reviewed bySarah Chen

0 comments

Bitcoin (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…

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Source

Cointelegraph Staff · Cointelegraph

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