3 Factors May Send Bitcoin Price Back To $80K

BTC

BTC/USDT

$79,804.00

+0.06%

$79,804.00

+0.06%

(24s)

24h Volume

$7,094,483,036.07

24h H/L

$80,200.00 / $79,545.96

Change: $654.04 (0.82%)

Long/Short

53.0%

Long: 53.0%Short: 47.0%

Funding Rate

+0.0017%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,996.00

▲ 0.21%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$82,260.41

Resistance 1$80,157.58

Price$79,996.00

Support 1$79,635.96

Support 2$77,509.46

Support 3$73,033.65

Pivot (PP):$79,824.58

Trend:Sideways

RSI (14):67.2

Cointelegraph Staff

(09:47 PM UTC)

1 min read

Updated byDavid Kim

Key takeaways:

Aggressive Bitcoin buying by Strategy helped to offset the recent leveraged long liquidations.
Rising bond yields and a heavy US government debt burden are driving investors toward scarce assets.
A potential deal between the US and Iran could quickly restore traders’ risk appetite.

Bitcoin (BTC) faced a rejection following a failed attempt to break above $82,000 on Thursday. A…