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via The Block · By The Block Editorial

CryptoQuant says bitcoin mirrors 2022 bear market pattern as sentiment turns 'extremely bearish'

BTC

BTC/USDT

$64,078.00

+0.83%

$64,078.00

+0.83%

(24s)

24h Volume

$9,125,392,244.28

24h H/L

$64,588.00 / $63,184.21

Change: $1,403.79 (2.22%)

Long/Short

63.2%

Long: 63.2%Short: 36.8%

Funding Rate

+0.0007%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$64,106.00

▼ -0.30%

Volume (24h): -

Resistance Levels

Resistance 3$68,191.60

Resistance 2$66,178.85

Resistance 1$64,317.36

Price$64,106.00

Support 1$63,824.88

Support 2$61,834.89

Support 3$59,130.91

Pivot (PP):$64,264.42

Trend:Downtrend

RSI (14):40.0

The Block Editorial

(07:35 PM UTC)

1 min read

Verified bySarah Chen

1148 views

0 comments

Bitcoin may be following a similar path to the March 2022 bear market, with demand weakening and market sentiment turning "extremely bearish," according to onchain analytics firm CryptoQuant.

Bitcoin's recent rally hit resistance at the 200-day moving average near $82,400 before falling back to as low as $76,000, CryptoQuant's head of research, Julio Moreno, said in a Wednesday report. The move…

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.

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The Block Editorial · The Block

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