Early Bitcoin Dip Buyers Show Up But Will They Reverse The Trend?

BTC

BTC/USDT

$84,284.77

-0.04%

$84,284.77

-0.04%

(24s)

24h Volume

$15,183,830,205.54

24h H/L

$85,255.00 / $83,183.00

Change: $2,072.00 (2.49%)

Long/Short

58.2%

Long: 58.2%Short: 41.8%

Funding Rate

+0.0009%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$84,056.77

▼ -0.05%

Volume (24h): -

Resistance Levels

Resistance 3$87,335.96

Resistance 2$85,667.07

Resistance 1$84,123.41

Price$84,056.77

Support 1$84,021.79

Support 2$80,169.72

Support 3$77,064.96

Pivot (PP):$84,179.33

Trend:Uptrend

RSI (14):64.1

Cointelegraph Staff

(01:10 AM UTC)

1 min read

Approved byJames Mitchell

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When Bitcoin (BTC) finally escaped from its channel pattern and secured a multiple-day close above the $77,000 resistance, traders rejoiced and declared the downtrend over.

Fast-forward to the present and BTC has fallen below multiple support levels and appears at risk of retesting $70,000, a 16% decline from its range highs.

While billion-dollar spot BTC ETF outflows, resumption of…