Community Articles

via CryptoPotato · By CryptoPotato Editorial

Bitcoin Recovery Hinges on Breakout Above $72K Resistance (BTC Price Analysis)

BTC

BTC/USDT

$62,609.91
+0.08%
24h Volume

$8,807,338,491.03

24h H/L

$63,461.99 / $62,436.59

Change: $1,025.40 (1.64%)

Long/Short
61.6%
Long: 61.6%Short: 38.4%
Funding Rate

+0.0040%

Longs pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$62,646.83

-0.79%

Volume (24h): -

Resistance Levels
Resistance 3$67,369.22
Resistance 2$65,848.91
Resistance 1$63,117.74
Price$62,646.83
Support 1$61,603.59
Support 2$57,800.19
Support 3$50,986.64
Pivot (PP):$62,742.48
Trend:Downtrend
RSI (14):48.0
CE
CryptoPotato Editorial
(04:15 PM UTC)
1 min read
JM
Approved byJames Mitchell
820 views
0 comments

Bitcoin is attempting to build a short-term recovery after weeks of sustained selling pressure. Although buyers have defended a key support zone, the broader trend remains fragile as price continues to trade beneath major technical resistance levels that must be cleared first to expect a genuine recovery.

Bitcoin Price Analysis: The Daily Chart

The daily chart continues to reflect a…

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.

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

CryptoPotato Editorial · CryptoPotato

Read original →

Comments
Comments