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

BTC

BTC/USDT

$84,306.00

+0.70%

$84,306.00

+0.70%

(24s)

24h Volume

$20,853,524,323.56

24h H/L

$84,942.45 / $82,874.93

Change: $2,067.52 (2.49%)

Long/Short

57.4%

Long: 57.4%Short: 42.6%

Funding Rate

+0.0021%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$84,264.00

▼ -0.17%

Volume (24h): -

Resistance Levels

Resistance 3$94,549.91

Resistance 2$86,763.46

Resistance 1$84,366.01

Price$84,264.00

Support 1$83,209.30

Support 2$77,001.87

Support 3$75,259.66

Pivot (PP):$84,075.87

Trend:Uptrend

RSI (14):64.9

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…