Bitcoin Traders Increasingly Convinced Price Will Fall Below $70K by End of May

BTC

BTC/USDT

$73,826.77

+5.90%

$73,826.77

+5.90%

(24s)

24h Volume

$33,422,808,680.70

24h H/L

$73,899.00 / $68,902.22

Change: $4,996.78 (7.25%)

Long/Short

50.9%

Long: 50.9%Short: 49.1%

Funding Rate

+0.0001%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$73,408.00

▲ 0.52%

Volume (24h): -

Resistance Levels

Resistance 3$78,568.57

Resistance 2$76,273.57

Resistance 1$74,640.95

Price$73,408.00

Support 1$72,746.38

Support 2$70,151.58

Support 3$67,943.82

Pivot (PP):$71,775.79

Trend:Uptrend

RSI (14):80.9

Decrypt Editorial

(03:21 PM UTC)

1 min read

Odds of Bitcoin falling below $70,000 before the end of May have risen on Polymarket and Myriad.
Nevertheless, traders still believe it will hold the line, with odds of it falling below at just 26%.
Bitcoin's price slide has been catalyzed by significant ETF outflows and rising crypto liquidations.

Prediction market users think it's more and more likely that Bitcoin will dip below…