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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

$64,806.44

+0.80%

$64,806.44

+0.80%

(24s)

24h Volume

$4,914,797,805.44

24h H/L

$64,940.51 / $64,285.37

Change: $655.14 (1.02%)

Long/Short

63.9%

Long: 63.9%Short: 36.1%

Funding Rate

+0.0026%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$64,683.01

▲ 0.48%

Volume (24h): -

Resistance Levels

Resistance 3$70,467.59

Resistance 2$66,379.48

Resistance 1$65,295.47

Price$64,683.01

Support 1$64,050.00

Support 2$62,975.21

Support 3$61,544.56

Pivot (PP):$64,220.09

Trend:Uptrend

RSI (14):52.1

Cointelegraph Staff

(01:32 PM UTC)

1 min read

Approved byEmily Watson

1028 views

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…

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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