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via Cointelegraph · By Cointelegraph Staff

Key Bitcoin Metric Suggest BTC Price Has Room for Further Expansion

BTC

BTC/USDT

$79,985.99

+0.11%

$79,985.99

+0.11%

(24s)

24h Volume

$6,951,312,258.06

24h H/L

$80,107.99 / $79,233.00

Change: $874.99 (1.10%)

Long/Short

53.2%

Long: 53.2%Short: 46.8%

Funding Rate

+0.0022%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,918.01

▲ 0.11%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$81,908.22

Resistance 1$80,157.58

Price$79,918.01

Support 1$79,635.96

Support 2$77,523.79

Support 3$73,033.65

Pivot (PP):$79,824.58

Trend:Sideways

RSI (14):67.0

Cointelegraph Staff

(12:10 PM UTC)

1 min read

Approved byMichael Roberts

0 comments

Bitcoin (BTC) buyers resumed their activity during the early Asian trading hours on Wednesday, pushing the price to a new multi-month high of $82,240.

Onchain indicators, including the short-term holder (STH) cost basis, suggest that the BTC price can go higher, with the next big target at $92,000.

Key takeaways:

Bitcoin holders are back in profit, increasing the chances of reaching $92,000.
BTC…

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Source

Cointelegraph Staff · Cointelegraph

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