Community Articles

via Cointelegraph · By Cointelegraph Staff

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

BTC

BTC/USDT

$63,123.60

+0.02%

$63,123.60

+0.02%

(24s)

24h Volume

$4,686,748,458.09

24h H/L

$63,390.00 / $62,716.00

Change: $674.00 (1.07%)

Long/Short

68.9%

Long: 68.9%Short: 31.1%

Funding Rate

+0.0025%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,119.67

▲ 0.35%

Volume (24h): -

Resistance Levels

Resistance 3$65,254.36

Resistance 2$64,507.45

Resistance 1$63,135.87

Price$63,119.67

Support 1$62,997.79

Support 2$62,320.84

Support 3$61,340.19

Pivot (PP):$63,002.00

Trend:Downtrend

RSI (14):44.0

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…

Add COINOTAG as a Preferred Source

Add COINOTAG to your preferred sources in Google News and Search to see our coverage first.

Add on Google

Source

Cointelegraph Staff · Cointelegraph

Read original →

Live BTC price →More BTC news →

Comments