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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

$62,940.97

-0.35%

$62,940.97

-0.35%

(24s)

24h Volume

$3,274,017,416.55

24h H/L

$63,390.00 / $62,754.00

Change: $636.00 (1.01%)

Long/Short

68.8%

Long: 68.8%Short: 31.2%

Funding Rate

+0.0028%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,041.99

▼ -0.07%

Volume (24h): -

Resistance Levels

Resistance 3$64,507.45

Resistance 2$63,879.31

Resistance 1$63,135.87

Price$63,041.99

Support 1$62,993.17

Support 2$61,814.38

Support 3$61,056.47

Pivot (PP):$63,064.66

Trend:Downtrend

RSI (14):42.9

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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