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

BTC

BTC/USDT

$84,566.40

+1.37%

$84,566.40

+1.37%

(24s)

24h Volume

$20,050,329,077.94

24h H/L

$84,942.45 / $82,874.93

Change: $2,067.52 (2.49%)

Long/Short

57.3%

Long: 57.3%Short: 42.7%

Funding Rate

+0.0022%

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

(03:21 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…