Community Articles

via CoinDesk · By CoinDesk Staff

Bitcoin’s bear markets are getting milder. The bull markets may be next

BTC

BTC/USDT

$84,014.05

+0.23%

$84,014.05

+0.23%

(24s)

24h Volume

$15,664,950,833.42

24h H/L

$85,255.00 / $83,183.00

Change: $2,072.00 (2.49%)

Long/Short

58.4%

Long: 58.4%Short: 41.6%

Funding Rate

+0.0009%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$84,007.02

▼ -0.11%

Volume (24h): -

Resistance Levels

Resistance 3$87,335.96

Resistance 2$85,667.07

Resistance 1$84,048.83

Price$84,007.02

Support 1$83,103.66

Support 2$80,169.72

Support 3$77,064.96

Pivot (PP):$84,179.33

Trend:Uptrend

RSI (14):63.9

CoinDesk Staff

(03:26 PM UTC)

1 min read

Verified byEmily Watson

0 comments

(Michael M. Santiago/Getty Images)

Summary

Bitcoin fell about 55% in its latest bear cycle, a smaller drawdown than the 70% to 80%-plus declines seen in previous downturns.
Bitwise’s Ryan Rasmussen and Risk Dimensions’ Mark Connors say institutional investors and portfolio rebalancing could temper both bitcoin’s crashes and its rallies.
Schwab’s Jim Ferraioli says bitcoin’s growing size and maturity…

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

CoinDesk Staff · CoinDesk

Read original →

Live BTC price →More BTC news →

Comments