Bitcoin Traders Flip Bearish as BTC Falls to Lowest Price in Months

BTC

BTC/USDT

$72,734.28

+4.38%

$72,734.28

+4.38%

(24s)

24h Volume

$32,857,279,857.71

24h H/L

$73,110.70 / $68,902.22

Change: $4,208.48 (6.11%)

Long/Short

51.2%

Long: 51.2%Short: 48.8%

Funding Rate

+0.0005%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$72,776.81

▲ 4.96%

Volume (24h): -

Resistance Levels

Resistance 3$78,568.57

Resistance 2$76,859.07

Resistance 1$72,785.42

Price$72,776.81

Support 1$72,717.82

Support 2$71,007.86

Support 3$69,924.16

Pivot (PP):$67,833.60

Trend:Uptrend

RSI (14):80.0

Decrypt Editorial

(03:35 PM UTC)

1 min read

Verified byDavid Kim

Traders have become bearish on Bitcoin, now favoring the next stop being $55,000 instead of $84,000.
The flip comes as Bitcoin continues to slide following Strategy's BTC sale and surging ETF outflows.
Bitcoin is now trading below $68,000—its lowest price in nearly two months.

Bitcoin traders are losing faith in the top crypto asset’s ability to jump higher in the near-term.

Predict…