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via CoinDesk · By CoinDesk Staff

Bitcoin price analysis: BTC tests Bollinger Bands breakout as its creator flips bullish

BTC

BTC/USDT

$62,871.95

-0.42%

$62,871.95

-0.42%

(24s)

24h Volume

$3,690,132,149.85

24h H/L

$63,390.00 / $62,716.00

Change: $674.00 (1.07%)

Long/Short

69.4%

Long: 69.4%Short: 30.6%

Funding Rate

+0.0029%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$62,868.20

▼ -0.35%

Volume (24h): -

Resistance Levels

Resistance 3$64,507.45

Resistance 2$63,879.31

Resistance 1$63,135.87

Price$62,868.20

Support 1$61,814.38

Support 2$61,056.47

Support 3$57,800.19

Pivot (PP):$63,064.66

Trend:Downtrend

RSI (14):41.8

CoinDesk Staff

(02:09 PM UTC)

1 min read

Approved bySarah Chen

0 comments

A related MVRV indicator hit overheated levels last seen before bitcoin's late-2024 push to $100,000.

The creator of the popular technical analysis indicator Bollinger Bands has taken a position in bitcoin, an asset his own indicator is currently flashing bullish on.

John Bollinger, who developed the indicator in the 1980s, said in an X post that one of his investment fund's proprietary trading…

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Source

CoinDesk Staff · CoinDesk

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