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via Cointelegraph · By Cointelegraph Staff

Bitcoin Risks 30% Drop as Multi-Month Resistance Caps BTC Price Again

BTC

BTC/USDT

$61,523.93

-2.22%

$61,523.93

-2.22%

(24s)

24h Volume

$28,604,649,380.98

24h H/L

$63,239.06 / $59,102.70

Change: $4,136.36 (7.00%)

Long/Short

70.0%

Long: 70.0%Short: 30.0%

Funding Rate

-0.0011%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$61,650.55

▲ 0.94%

Volume (24h): -

Resistance Levels

Resistance 3$64,719.41

Resistance 2$63,348.43

Resistance 1$61,892.34

Price$61,650.55

Support 1$61,046.69

Support 2$59,102.70

Support 3$52,643.43

Pivot (PP):$61,329.87

Trend:Downtrend

RSI (14):35.9

Cointelegraph Staff

(09:04 AM UTC)

1 min read

Approved byEmily Watson

516 views

0 comments

Bitcoin (BTC) has climbed roughly 40% from its February lows, bringing the price back to a critical resistance zone that could determine whether the bear market continues or finally ends.

Key takeaways:

Bitcoin fell 2.25% to around $80,500 after failing once again to break above its 200-day EMA resistance.
Previous rejections from the same technical level triggered Bitcoin declines of 25% and 36%.

Bit…

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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