BTC Needs A Flip In Funding Rates For Perpetual Swaps

Bitcoin price traded at $50390 with a gain of 1.56% in the last 24-hour and 19.90% down in the weekly time frame. Furthermore, Bitcoin price plunged from the resistance of $64000. In contrast, the market capitalization stands at $930 billion. Technically, investors can perceive a negative crossover in the EMA, and the price is below the 55-EMA. RSI index showcases a downward slope. Moreover, the price movement can breach the support of $50000 in future trading sessions.

Resistance: $64000
Support: $50000