This is Bitcoin's Shallowest Bear Market—But is the Bottom In?

BTC

BTC/USDT

$84,064.02

-0.59%

$84,064.02

-0.59%

(24s)

24h Volume

$21,500,078,500.27

24h H/L

$84,942.45 / $82,874.93

Change: $2,067.52 (2.49%)

Long/Short

57.3%

Long: 57.3%Short: 42.7%

Funding Rate

+0.0021%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$83,938.02

▼ -0.56%

Volume (24h): -

Resistance Levels

Resistance 3$94,549.91

Resistance 2$86,798.28

Resistance 1$84,048.83

Price$83,938.02

Support 1$83,209.30

Support 2$80,398.57

Support 3$77,001.87

Pivot (PP):$84,075.87

Trend:Uptrend

RSI (14):63.7

Decrypt Editorial

(12:06 PM UTC)

1 min read

Bitcoin's 50% drawdown from its $126,000 all-time high is its shallowest to date, compared to 2012’s 90% correction.
Analysts point to ETF outflows and macro tightening as signs the bear market isn't over.
$60,000 and $55,000 to $45,000 are key levels to watch if selling pressure continues, Decrypt was told.

Bitcoin’s price action has been down-only in June, dropping double-digits as…