BREAKING
453d 4h ago

Bitcoin’s Uptrend Pause: Analyst Warns of Potential Short-Term Pullback Amid Profit-Taking

BTC

BTC/USDT

$71,354.77
+3.55%
24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short
65.5%
Long: 65.5%Short: 34.5%
Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$71,351.87

2.98%

Volume (24h): -

Resistance Levels
Resistance 3$79,008.03
Resistance 2$75,548.63
Resistance 1$72,179.52
Price$71,351.87
Support 1$70,589.27
Support 2$67,300.00
Support 3$62,909.86
Pivot (PP):$70,598.27
Trend:Downtrend
RSI (14):35.3

In a recent analysis by BRN, expert Valentin Fournier highlighted a temporary halt in the **upward trajectory** of Bitcoin. This pause might signal that **institutional investors** are beginning to realize their profits, which could result in a short-term **correction**. Fournier noted that once this phase concludes, Bitcoin’s price is likely to regain its **upward momentum**. He emphasized the importance of monitoring forthcoming **economic indicators** and market events that might suggest a possible **trend reversal** in Bitcoin’s price behavior. Fournier further stated, “At present, the potential for upward movement appears more pronounced than the risks associated with short-term declines.” However, he warned that if the upcoming **Consumer Price Index (CPI)** data exceeds market expectations, it may instigate significant **market volatility**, impacting cryptocurrencies broadly. Investors should remain vigilant as they navigate these market fluctuations.

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