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via CoinDesk · By CoinDesk Staff

Here's why bitcoin turned lower from the 200-day average

BTC

BTC/USDT

$64,742.00

+0.93%

$64,742.00

+0.93%

(24s)

24h Volume

$4,572,839,504.47

24h H/L

$64,768.23 / $64,123.00

Change: $645.23 (1.01%)

Long/Short

64.6%

Long: 64.6%Short: 35.4%

Funding Rate

+0.0031%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$64,527.01

▲ 0.24%

Volume (24h): -

Resistance Levels

Resistance 3$70,467.59

Resistance 2$66,379.48

Resistance 1$64,630.19

Price$64,527.01

Support 1$64,050.00

Support 2$62,909.86

Support 3$61,824.97

Pivot (PP):$64,220.09

Trend:Uptrend

RSI (14):51.3

CoinDesk Staff

(04:52 AM UTC)

1 min read

Verified byMichael Roberts

1420 views

0 comments

BTC recently turned lower from the 200-day average, a barometer of long-term trends. CryptoQuant explains why.

Bitcoin's BTC$77,949.50 recovery from February lows, which had begun to look like a new bull run, hit a wall last week at the 200-day simple moving average (SMA) positioned just above $82,000. Since then, prices have pulled back to $77,500 in a move reminiscent of 2022 when a 43% relief…

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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