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via Cointelegraph · By Cointelegraph Staff

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

BTC

BTC/USDT

$65,297.99

+1.12%

$65,297.99

+1.12%

(24s)

24h Volume

$7,742,941,333.34

24h H/L

$65,577.00 / $64,293.81

Change: $1,283.19 (2.00%)

Long/Short

63.5%

Long: 63.5%Short: 36.5%

Funding Rate

+0.0061%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$65,218.01

▼ -0.28%

Volume (24h): -

Resistance Levels

Resistance 3$70,325.10

Resistance 2$67,334.82

Resistance 1$65,886.72

Price$65,218.01

Support 1$64,498.41

Support 2$62,313.30

Support 3$61,044.16

Pivot (PP):$65,090.27

Trend:Uptrend

RSI (14):54.1

Cointelegraph Staff

(11:20 AM UTC)

1 min read

Reviewed bySarah Chen

772 views

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…

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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