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via Cointelegraph · By Cointelegraph Staff

Bitcoin Traders Target $68K As Key Support Zone: Here's Why

BTCBTC · Live data

$84,575 −1.56%

24h Volume$22.83B
24h Low / High$83,888 / $87,220
Long/Short1.25
Funding Rate−0.0013%

Data provided by COINOTAG DATA

Bitcoin

BTC · Daily (1D)

$84,572.07+0.06%

Volume (24h)-

Bitcoin Resistances

Resistance 1$84,891.50Ichimoku Tenkan, MACD Cross+1

Resistance 2$86,574.67Fibo 0.000, Donchian Upper+5

Bitcoin Supports

Support 1$84,021.79Fibo 0.114, EMA 20+5

Support 2$81,122.03LVN, EMA 50+5

Pivot point (PP)$85,208.67

Trend (1D)Uptrend

Bitcoin Fibonacci Retracement

61.8%$69,105.66

50%$72,597.93

38.2%$76,090.20

RSI (14)63.1

Bitcoin technical analysis and outlook

Daily (1D) · Data provided by COINOTAG DATA

Cointelegraph Staff

(08:34 PM UTC)

1 min read

Verified byEmily Watson

0 comments

Bitcoin (BTC) traders have shifted their focus lower after futures and order book data point to strong buyer interest in the $68,000-$70,000 zone.

Sell pressure has increased in the derivatives markets and the daily bid-ask ratio fell to -0.03, showing sellers are currently more aggressive than buyers as traders position around liquidation levels.

Bitcoin buyers cluster near $68,000

The visible…

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Cointelegraph Staff · Cointelegraph

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