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via CoinDesk · By CoinDesk Staff

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

BTC

BTC/USDT

$79,630.96

-1.77%

$79,630.96

-1.77%

(24s)

24h Volume

$17,295,709,356.85

24h H/L

$81,423.03 / $78,660.00

Change: $2,763.03 (3.51%)

Long/Short

52.6%

Long: 52.6%Short: 47.4%

Funding Rate

-0.0018%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,603.06

▼ -0.07%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$82,300.00

Resistance 1$79,916.17

Price$79,603.06

Support 1$78,324.21

Support 2$76,172.06

Support 3$74,131.55

Pivot (PP):$79,916.17

Trend:Sideways

RSI (14):66.2

CoinDesk Staff

(07:52 AM UTC)

1 min read

Verified byMichael Roberts

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…

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CoinDesk Staff · CoinDesk

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