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via Cointelegraph · By Cointelegraph Staff

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

BTC

BTC/USDT

$64,812.05

+3.52%

$64,812.05

+3.52%

(24s)

24h Volume

$19,524,931,702.94

24h H/L

$65,277.37 / $62,500.00

Change: $2,777.37 (4.44%)

Long/Short

57.4%

Long: 57.4%Short: 42.6%

Funding Rate

+0.0071%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$65,142.00

▲ 0.15%

Volume (24h): -

Resistance Levels

Resistance 3$70,325.10

Resistance 2$67,302.80

Resistance 1$65,222.12

Price$65,142.00

Support 1$64,488.00

Support 2$62,337.84

Support 3$60,655.87

Pivot (PP):$64,138.73

Trend:Sideways

RSI (14):56.6

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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