'Stuck in distribution': Bitcoin slips below $63,000 as analysts warn rallies are being sold, not bought

BTC

BTC/USDT

$84,748.00

+1.70%

$84,748.00

+1.70%

(24s)

24h Volume

$19,028,408,609.40

24h H/L

$84,942.45 / $83,327.60

Change: $1,614.85 (1.94%)

Long/Short

56.8%

Long: 56.8%Short: 43.2%

Funding Rate

+0.0020%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$84,644.26

▲ 0.28%

Volume (24h): -

Resistance Levels

Resistance 3$99,648.20

Resistance 2$94,549.91

Resistance 1$85,369.74

Price$84,644.26

Support 1$84,364.01

Support 2$81,859.10

Support 3$77,001.87

Pivot (PP):$84,075.87

Trend:Uptrend

RSI (14):66.0

The Block Editorial

(10:13 AM UTC)

1 min read

Approved byDavid Kim

0 comments

Bitcoin slipped back below $63,000 on Tuesday, reversing Monday's brief rally to $64,000 as fresh selling pressure swept through risk assets. Ether remained below $1,700 while U.S. spot bitcoin exchange-traded funds logged another day of net outflows.

According to The Block’s prices page, bitcoin (BTC) last changed hands around $62,750, while ether (ETH) traded below $1,700.

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The…