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via Cointelegraph · By Cointelegraph Staff

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

BTC

BTC/USDT

$62,809.54

-0.55%

$62,809.54

-0.55%

(24s)

24h Volume

$3,510,335,468.96

24h H/L

$63,390.00 / $62,754.00

Change: $636.00 (1.01%)

Long/Short

69.3%

Long: 69.3%Short: 30.7%

Funding Rate

+0.0028%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$62,868.20

▼ -0.35%

Volume (24h): -

Resistance Levels

Resistance 3$64,507.45

Resistance 2$63,879.31

Resistance 1$63,135.87

Price$62,868.20

Support 1$61,814.38

Support 2$61,056.47

Support 3$57,800.19

Pivot (PP):$63,064.66

Trend:Downtrend

RSI (14):41.8

Cointelegraph Staff

(05:35 PM UTC)

1 min read

Approved byEmily Watson

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…

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Source

Cointelegraph Staff · Cointelegraph

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