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

BTC

BTC/USDT

$79,711.37

-1.77%

$79,711.37

-1.77%

(24s)

24h Volume

$18,174,944,406.14

24h H/L

$81,423.03 / $78,660.00

Change: $2,763.03 (3.51%)

Long/Short

52.6%

Long: 52.6%Short: 47.4%

Funding Rate

-0.0014%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,668.77

▲ 0.01%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$81,478.87

Resistance 1$79,916.17

Price$79,668.77

Support 1$79,507.02

Support 2$76,170.88

Support 3$74,131.55

Pivot (PP):$79,916.17

Trend:Sideways

RSI (14):66.5

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…