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via Cointelegraph · By Cointelegraph Staff

Three Reasons Why Bitcoin Holding $63K May Mark The Bottom

BTC

BTC/USDT

$62,684.00

-2.28%

$62,684.00

-2.28%

(24s)

24h Volume

$16,837,160,145.40

24h H/L

$65,622.83 / $62,607.97

Change: $3,014.86 (4.82%)

Long/Short

65.5%

Long: 65.5%Short: 34.4%

Funding Rate

+0.0013%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,200.01

▼ -1.28%

Volume (24h): -

Resistance Levels

Resistance 3$68,191.60

Resistance 2$65,682.66

Resistance 1$63,950.81

Price$63,200.01

Support 1$62,846.20

Support 2$61,092.05

Support 3$59,130.91

Pivot (PP):$63,528.96

Trend:Downtrend

RSI (14):38.6

Cointelegraph Staff

(04:52 PM UTC)

1 min read

Approved bySarah Chen

964 views

0 comments

Bitcoin (BTC) continues to exhibit a strong technical setup after holding a weekly close above $63,000 for three consecutive weeks since tagging a new 2026 low near $59,000. This pattern closely resembles a bottom-building phase seen in previous trend reversals in bearish periods.

At the same time, Bitcoin futures open interest has fallen 19.5% from its June peak, funding rates have cooled to…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

Cointelegraph Staff · Cointelegraph

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