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via CoinDesk · By CoinDesk Staff

Bitcoin price analysis: BTC likely bottomed at $60K amid milder bear market, K33 Research says

BTC

BTC/USDT

$61,770.93

-1.64%

$61,770.93

-1.64%

(24s)

24h Volume

$29,451,218,364.78

24h H/L

$63,239.06 / $59,102.70

Change: $4,136.36 (7.00%)

Long/Short

68.6%

Long: 68.6%Short: 31.4%

Funding Rate

-0.0004%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$61,754.01

▲ 1.11%

Volume (24h): -

Resistance Levels

Resistance 3$64,719.41

Resistance 2$63,395.60

Resistance 1$61,781.95

Price$61,754.01

Support 1$61,035.43

Support 2$59,102.70

Support 3$52,643.43

Pivot (PP):$61,467.12

Trend:Downtrend

RSI (14):36.3

CoinDesk Staff

(08:30 PM UTC)

1 min read

Reviewed byJames Mitchell

908 views

0 comments

This bitcoin bear market is different with 'uniquely pessimistic' traders limiting downside, K33 says

The research firm said bitcoin traders remain unusually defensive, reducing the risk of the kind of leverage-driven collapse seen in prior downturns.

Bitcoin BTC$76,865.88 failing to break above its key moving average around $83,000 sparked renewed fears that another brutal leg lower is coming.

But…

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

CoinDesk Staff · CoinDesk

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