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via The Block · By The Block Editorial

'Rally slows into resistance': Bitcoin stalls below $78,000 as ETF outflows and long liquidations deepen recovery doubts

BTC

BTC/USDT

$64,059.99

+0.89%

$64,059.99

+0.89%

(24s)

24h Volume

$9,128,661,462.18

24h H/L

$64,588.00 / $63,184.21

Change: $1,403.79 (2.22%)

Long/Short

63.1%

Long: 63.1%Short: 36.9%

Funding Rate

+0.0007%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$64,106.00

▼ -0.30%

Volume (24h): -

Resistance Levels

Resistance 3$68,191.60

Resistance 2$66,178.85

Resistance 1$64,317.36

Price$64,106.00

Support 1$63,824.88

Support 2$61,834.89

Support 3$59,130.91

Pivot (PP):$64,264.42

Trend:Downtrend

RSI (14):40.0

The Block Editorial

(12:00 PM UTC)

1 min read

Verified byMichael Roberts

900 views

0 comments

Bitcoin traded below $78,000 on Thursday as exchange-traded fund outflows extended to a fourth consecutive day, a $584 million long liquidation from earlier in the week continued to weigh on positioning, and onchain data signaled a market that has yet to rebuild the spot demand needed for a sustained move above $80,000.

Spot bitcoin (BTC) ETFs shed $70.5 million on May 20, stretching their net…

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

The Block Editorial · The Block

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