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via Cointelegraph · By Cointelegraph Staff

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

BTC

BTC/USDT

$63,610.28

+0.05%

$63,610.28

+0.05%

(24s)

24h Volume

$15,420,831,808.65

24h H/L

$64,394.44 / $62,829.81

Change: $1,564.63 (2.49%)

Long/Short

62.6%

Long: 62.6%Short: 37.4%

Funding Rate

+0.0016%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,479.26

▼ -0.23%

Volume (24h): -

Resistance Levels

Resistance 3$70,964.83

Resistance 2$67,153.39

Resistance 1$64,256.33

Price$63,479.26

Support 1$61,928.57

Support 2$59,130.91

Support 3$52,679.32

Pivot (PP):$63,567.84

Trend:Downtrend

RSI (14):32.8

Cointelegraph Staff

(08:34 PM UTC)

1 min read

Verified byEmily Watson

1356 views

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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