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via Cointelegraph · By Cointelegraph Staff

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

BTC

BTC/USDT

$79,896.00

+0.28%

$79,896.00

+0.28%

(24s)

24h Volume

$7,103,662,990.95

24h H/L

$80,200.00 / $79,545.96

Change: $654.04 (0.82%)

Long/Short

53.1%

Long: 53.1%Short: 46.9%

Funding Rate

+0.0017%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,906.19

▲ 0.09%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$82,260.41

Resistance 1$80,157.58

Price$79,906.19

Support 1$79,635.96

Support 2$77,509.46

Support 3$73,033.65

Pivot (PP):$79,824.58

Trend:Sideways

RSI (14):67.0

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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Source

Cointelegraph Staff · Cointelegraph

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