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via Cointelegraph · By Cointelegraph Staff

These Four Bitcoin Charts Hint at BTC Price Dropping Below $50K

BTC

BTC/USDT

$63,053.27

-0.04%

$63,053.27

-0.04%

(24s)

24h Volume

$2,468,497,651.99

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

+0.0025%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,094.00

▲ 0.01%

Volume (24h): -

Resistance Levels

Resistance 3$66,089.72

Resistance 2$64,322.29

Resistance 1$63,626.50

Price$63,094.00

Support 1$62,999.35

Support 2$61,363.17

Support 3$57,800.19

Pivot (PP):$63,064.66

Trend:Downtrend

RSI (14):43.3

Cointelegraph Staff

(02:33 PM UTC)

1 min read

Approved byMichael Roberts

0 comments

Bitcoin (BTC) bulls successfully defended the $60,000 psychological support during last week’s 13% correction.

BTC/USD daily chart. Source: TradingView

However, the rebound has not fully erased downside risks, with some traders warning that a deeper breakdown remains possible as the US–Iran tensions and fading rate-cut expectations weigh on risk appetite.

Several Bitcoin valuation and technical…

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Cointelegraph Staff · Cointelegraph

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