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via Cointelegraph · By Cointelegraph Staff

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

BTC

BTC/USDT

$64,480.35

+0.39%

$64,480.35

+0.39%

(24s)

24h Volume

$18,432,142,427.02

24h H/L

$65,622.83 / $63,270.00

Change: $2,352.83 (3.72%)

Long/Short

62.5%

Long: 62.5%Short: 37.5%

Funding Rate

+0.0034%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$64,337.26

▲ 1.62%

Volume (24h): -

Resistance Levels

Resistance 3$68,191.60

Resistance 2$66,797.85

Resistance 1$64,755.36

Price$64,337.26

Support 1$63,269.07

Support 2$61,834.89

Support 3$59,130.91

Pivot (PP):$64,424.03

Trend:Downtrend

RSI (14):42.2

Cointelegraph Staff

(01:10 AM UTC)

1 min read

Approved byJames Mitchell

1037 views

0 comments

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…

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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Source

Cointelegraph Staff · Cointelegraph

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