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via Cointelegraph · By Cointelegraph Staff

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

BTC

BTC/USDT

$84,012.24

+0.24%

$84,012.24

+0.24%

(24s)

24h Volume

$16,024,007,416.41

24h H/L

$85,255.00 / $83,183.00

Change: $2,072.00 (2.49%)

Long/Short

58.4%

Long: 58.4%Short: 41.6%

Funding Rate

+0.0010%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$83,926.01

▼ -0.21%

Volume (24h): -

Resistance Levels

Resistance 3$87,335.96

Resistance 2$85,667.07

Resistance 1$84,048.83

Price$83,926.01

Support 1$83,103.66

Support 2$80,169.72

Support 3$77,064.96

Pivot (PP):$84,179.33

Trend:Uptrend

RSI (14):63.6

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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