Community Articles

via The Block · By The Block Editorial

CryptoQuant says bitcoin profit-taking could increase further amid 'bear market rally'

BTC

BTC/USDT

$63,190.00

+0.19%

$63,190.00

+0.19%

(24s)

24h Volume

$2,789,066,941.34

24h H/L

$63,390.00 / $62,968.45

Change: $421.55 (0.67%)

Long/Short

68.5%

Long: 68.5%Short: 31.5%

Funding Rate

+0.0032%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,219.99

▲ 0.21%

Volume (24h): -

Resistance Levels

Resistance 3$66,088.35

Resistance 2$64,507.45

Resistance 1$63,398.11

Price$63,219.99

Support 1$62,993.17

Support 2$61,814.38

Support 3$61,056.47

Pivot (PP):$63,064.66

Trend:Downtrend

RSI (14):44.4

The Block Editorial

(08:44 PM UTC)

1 min read

Approved byEmily Watson

0 comments

Bitcoin profit-taking could increase further after the recent price rally, according to onchain analytics firm CryptoQuant.

Bitcoin has risen over 20% since the start of April to a three-month high, driven by a mix of earlier undervaluation, easing macroeconomic pressure, and a sharp increase in perpetual futures demand, CryptoQuant's head of research, Julio Moreno, said in a report. Despite the…

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

The Block Editorial · The Block

Read original →

Live BTC price →More BTC news →

Comments