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

BTC

BTC/USDT

$84,143.55

-0.72%

$84,143.55

-0.72%

(24s)

24h Volume

$14,229,718,479.78

24h H/L

$85,255.00 / $83,183.00

Change: $2,072.00 (2.49%)

Long/Short

58.4%

Long: 58.4%Short: 41.6%

Funding Rate

+0.0003%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$84,020.01

▼ -0.10%

Volume (24h): -

Resistance Levels

Resistance 3$87,335.96

Resistance 2$85,667.07

Resistance 1$84,048.83

Price$84,020.01

Support 1$83,103.66

Support 2$80,169.72

Support 3$77,064.96

Pivot (PP):$84,179.33

Trend:Uptrend

RSI (14):64.0

Cointelegraph Staff

(09:04 AM UTC)

1 min read

Approved byEmily Watson

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%.