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via Cointelegraph · By Cointelegraph Staff

Bitcoin Slides Under $79K on Macro Fears: Is a Rebound Around the Corner?

BTC

BTC/USDT

$64,718.96

+0.81%

$64,718.96

+0.81%

(24s)

24h Volume

$5,003,527,618.19

24h H/L

$64,827.00 / $64,123.00

Change: $704.00 (1.10%)

Long/Short

64.1%

Long: 64.1%Short: 35.9%

Funding Rate

-0.0004%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$64,740.78

▲ 0.57%

Volume (24h): -

Resistance Levels

Resistance 3$70,467.59

Resistance 2$66,379.48

Resistance 1$65,295.47

Price$64,740.78

Support 1$64,050.00

Support 2$61,824.97

Support 3$57,800.19

Pivot (PP):$64,220.09

Trend:Uptrend

RSI (14):52.3

Cointelegraph Staff

(08:50 AM UTC)

1 min read

Approved byDavid Kim

756 views

0 comments

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…

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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