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via Cointelegraph · By Cointelegraph Staff

Bitcoin ‘Plunge Protection Team’ Returns As BTC Price Drops Under $64,000

BTC

BTC/USDT

$64,386.83

+0.33%

$64,386.83

+0.33%

(24s)

24h Volume

$4,799,252,148.72

24h H/L

$64,475.28 / $63,810.00

Change: $665.28 (1.04%)

Long/Short

65.4%

Long: 65.4%Short: 34.6%

Funding Rate

+0.0001%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$64,380.00

▲ 0.37%

Volume (24h): -

Resistance Levels

Resistance 3$70,467.59

Resistance 2$66,379.48

Resistance 1$64,562.78

Price$64,380.00

Support 1$64,050.00

Support 2$62,909.86

Support 3$61,277.48

Pivot (PP):$64,562.78

Trend:Uptrend

RSI (14):50.6

Cointelegraph Staff

(02:28 PM UTC)

1 min read

Reviewed byOlivia Bennett

676 views

0 comments

Bitcoin (BTC) fell more than 1.6% on Friday as its latest price correction accelerated after Wall Street opened.

Key points:

Bitcoin price downside pressure mounts on the back of multiple macro headwinds.
US bond yields further a hawkish pivot in Fed interest-rate expectations.
BTC price analysis sees a Binance “plunge protection team” attempting to shore up the market.

Analysis warns US bond yields…

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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