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via CoinDesk · By CoinDesk Staff

Here's what could happen if bitcoin breaks below $60,000

BTC

BTC/USDT

$63,718.00

+1.75%

$63,718.00

+1.75%

(24s)

24h Volume

$24,605,834,420.09

24h H/L

$63,999.00 / $61,306.84

Change: $2,692.16 (4.39%)

Long/Short

60.7%

Long: 60.7%Short: 39.3%

Funding Rate

+0.0060%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,680.01

▲ 0.05%

Volume (24h): -

Resistance Levels

Resistance 3$67,353.52

Resistance 2$65,664.80

Resistance 1$63,695.98

Price$63,680.01

Support 1$63,019.46

Support 2$60,978.03

Support 3$57,800.19

Pivot (PP):$62,987.67

Trend:Downtrend

RSI (14):51.8

CoinDesk Staff

(07:52 AM UTC)

1 min read

Verified byMichael Roberts

1132 views

0 comments

A confluence of factors makes $60,000 as key level to watch for in the near term, according to Deribit.

Bitcoin BTC$61,875.23 continues to lose ground and the price is fast closing on $60,000 amid record ETF outflows.

The $60,000 level has been widely cited by analysts as a major support, below which the selloff could get even uglier.

Jean-David Péquignot, the chief commercial officer at leading…

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

CoinDesk Staff · CoinDesk

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