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via The Block · By The Block Editorial

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

BTC

BTC/USDT

$61,336.14

-1.94%

$61,336.14

-1.94%

(24s)

24h Volume

$29,928,723,373.66

24h H/L

$63,239.06 / $59,102.70

Change: $4,136.36 (7.00%)

Long/Short

67.8%

Long: 67.8%Short: 32.2%

Funding Rate

-0.0003%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$61,588.73

▲ 0.84%

Volume (24h): -

Resistance Levels

Resistance 3$68,215.38

Resistance 2$64,719.41

Resistance 1$62,731.90

Price$61,588.73

Support 1$61,067.23

Support 2$59,102.70

Support 3$52,643.43

Pivot (PP):$61,412.02

Trend:Downtrend

RSI (14):35.6

The Block Editorial

(08:44 PM UTC)

1 min read

Approved byEmily Watson

1332 views

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…

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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