Community Articles

via Cointelegraph · By Cointelegraph Staff

Bitcoin 'Trend Reversal Signal' Flashes as $82.5K Resistance Key for Bulls

BTC

BTC/USDT

$59,580.00

-1.92%

$59,580.00

-1.92%

(24s)

24h Volume

$29,307,513,827.19

24h H/L

$61,962.40 / $58,115.01

Change: $3,847.39 (6.62%)

Long/Short

71.6%

Long: 71.6%Short: 28.4%

Funding Rate

+0.0014%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$59,468.42

▼ -2.64%

Volume (24h): -

Resistance Levels

Resistance 3$62,909.86

Resistance 2$61,582.21

Resistance 1$59,848.61

Price$59,468.42

Support 1$59,453.63

Support 2$58,115.01

Support 3$51,387.09

Pivot (PP):$59,848.61

Trend:Downtrend

RSI (14):29.9

Cointelegraph Staff

(05:35 PM UTC)

1 min read

Approved byEmily Watson

1100 views

0 comments

Bitcoin (BTC) could be set for an extended uptrend, with a pending bullish signal from a key valuation metric suggesting that BTC prices might go “much higher,” according to crypto analysts.

Key takeaways:

Bitcoin's MVRV golden cross signals a shift to bullishness, historically preceding prolonged price rallies.
Bitcoin traders argue $60,000 was the bear market bottom, see “huge” BTC price breakout…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

Add COINOTAG as a Preferred Source

Add COINOTAG to your preferred sources in Google News and Search to see our coverage first.

Add on Google

Source

Cointelegraph Staff · Cointelegraph

Read original →

Live BTC price →More BTC news →

Comments