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via CoinDesk · By CoinDesk Staff

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

BTC

BTC/USDT

$62,803.04

-1.86%

$62,803.04

-1.86%

(24s)

24h Volume

$18,341,251,552.38

24h H/L

$64,095.55 / $61,938.00

Change: $2,157.55 (3.48%)

Long/Short

67.2%

Long: 67.2%Short: 32.8%

Funding Rate

+0.0028%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$62,672.00

▼ -0.10%

Volume (24h): -

Resistance Levels

Resistance 3$68,191.60

Resistance 2$64,241.09

Resistance 1$62,814.54

Price$62,672.00

Support 1$61,912.81

Support 2$60,603.05

Support 3$59,130.91

Pivot (PP):$62,799.18

Trend:Downtrend

RSI (14):37.2

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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