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

BTC

BTC/USDT

$63,080.33

-0.07%

$63,080.33

-0.07%

(24s)

24h Volume

$2,491,697,787.73

24h H/L

$63,175.00 / $62,920.00

Change: $255.00 (0.41%)

Long/Short

67.9%

Long: 67.9%Short: 32.1%

Funding Rate

+0.0026%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,133.03

▲ 0.07%

Volume (24h): -

Resistance Levels

Resistance 3$66,089.72

Resistance 2$64,397.36

Resistance 1$63,626.50

Price$63,133.03

Support 1$62,999.35

Support 2$62,275.00

Support 3$61,056.47

Pivot (PP):$63,064.66

Trend:Downtrend

RSI (14):43.6

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…