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via Cointelegraph · By Cointelegraph Staff
Bitcoin Slides Under $79K on Macro Fears: Is a Rebound Around the Corner?
BTCBTC · Live data
$84,600 −1.44%
- 24h Volume$22.92B
- 24h Low / High$83,888 / $87,220
- Long/Short1.25
- Funding Rate−0.0014%
Data provided by COINOTAG DATA
Bitcoin
BTC · Daily (1D)$84,572.07+0.06%
Volume (24h)-
Bitcoin Resistances
Resistance 1$84,891.50Ichimoku Tenkan, MACD Cross+1
Resistance 2$86,574.67Fibo 0.000, Donchian Upper+5
Bitcoin Supports
Support 1$84,021.79Fibo 0.114, EMA 20+5
Support 2$81,122.03LVN, EMA 50+5
Pivot point (PP)$85,208.67
Trend (1D)Uptrend
Bitcoin Fibonacci Retracement
61.8%$69,105.66
50%$72,597.93
38.2%$76,090.20
RSI (14)63.1
Bitcoin technical analysis and outlook
Daily (1D) · Data provided by COINOTAG DATA
CS
Cointelegraph Staff(08:50 AM UTC)
1 min read
Bitcoin (BTC) faced a sharp contraction on Friday following a rejection at $82,000 the prior day. Recent price movements closely resembled the US small-capitalization stock index, hinting that macroeconomic factors are the leading drivers behind the nosedive below $79,000.
The anxiety sparked a sell-off in fixed-income markets. Counterintuitively, this may help Bitcoin embark on a sustained…
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