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via Cointelegraph · By Cointelegraph Staff

Bitcoin Price Targets $78K as BTC Holders Defend 'Strongest Near-Term Support'

BTC

BTC/USDT

$64,372.99

+0.60%

$64,372.99

+0.60%

(24s)

24h Volume

$4,616,155,074.68

24h H/L

$64,599.95 / $63,810.00

Change: $789.95 (1.24%)

Long/Short

65.5%

Long: 65.5%Short: 34.5%

Funding Rate

-0.0000%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$64,353.94

▼ -0.03%

Volume (24h): -

Resistance Levels

Resistance 3$70,467.59

Resistance 2$66,379.48

Resistance 1$65,295.47

Price$64,353.94

Support 1$64,050.00

Support 2$62,909.86

Support 3$61,824.97

Pivot (PP):$64,220.09

Trend:Uptrend

RSI (14):50.5

Cointelegraph Staff

(12:39 PM UTC)

1 min read

Reviewed byDavid Kim

500 views

0 comments

Bitcoin (BTC) is rebounding from a key on-chain support zone, putting the $78,000 level back in focus for bulls.

Key takeaways:

BTC is eyeing a rebound to $78,200, the realized price of BTC held for three to six months.
A sustained move above this cost basis could put Bitcoin on track for a push above $100,000 by year-end.

BTC's short-term holders defend $71,400 cost basis

Bitcoin rebounded roughly…

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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