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

BTC

BTC/USDT

$64,634.00

+0.87%

$64,634.00

+0.87%

(24s)

24h Volume

$15,093,675,925.67

24h H/L

$64,760.99 / $63,880.00

Change: $880.99 (1.38%)

Long/Short

55.8%

Long: 55.8%Short: 44.3%

Funding Rate

+0.0021%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$64,483.90

▲ 0.59%

Volume (24h): -

Resistance Levels

Resistance 3$68,000.10

Resistance 2$66,285.69

Resistance 1$64,661.52

Price$64,483.90

Support 1$64,390.56

Support 2$62,852.52

Support 3$61,001.57

Pivot (PP):$63,992.58

Trend:Sideways

RSI (14):52.4

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%.