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via Cointelegraph · By Cointelegraph Staff

Here’s Why Bitcoin Analysts Say BTC’s ‘Full’ Bullish Momentum is Back

BTC

BTC/USDT

$79,690.01

-0.46%

$79,690.01

-0.46%

(24s)

24h Volume

$7,379,892,528.04

24h H/L

$80,134.15 / $79,233.00

Change: $901.15 (1.14%)

Long/Short

53.1%

Long: 53.1%Short: 46.9%

Funding Rate

+0.0019%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,734.62

▼ -0.12%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$81,908.22

Resistance 1$79,779.60

Price$79,734.62

Support 1$79,635.96

Support 2$77,303.91

Support 3$73,033.65

Pivot (PP):$79,824.58

Trend:Sideways

RSI (14):66.4

Cointelegraph Staff

(01:32 PM UTC)

1 min read

Approved byEmily Watson

0 comments

Market analysts said Bitcoin’s (BTC) upside remained intact despite the 2.5% correction from its multi-month high of $82,800 reached on May 6.

Key takeaways:

Bitcoin has successfully re-entered expansion territory as the Bull Market Support Band turned to support.
Bitcoin’s Stablecoin Supply Ratio has recovered from historic lows, indicating fresh liquidity is returning.
Bitcoin’s spot taker CVD…

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Source

Cointelegraph Staff · Cointelegraph

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