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via CoinDesk · By CoinDesk Staff

Bitcoin analysis: BTC's recent rally past $80,000 lacked Coinbase premium

BTC

BTC/USDT

$61,384.00

-2.08%

$61,384.00

-2.08%

(24s)

24h Volume

$30,534,075,684.84

24h H/L

$62,726.73 / $59,102.70

Change: $3,624.03 (6.13%)

Long/Short

68.3%

Long: 68.3%Short: 31.7%

Funding Rate

+0.0001%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$61,139.99

▲ 0.10%

Volume (24h): -

Resistance Levels

Resistance 3$64,719.41

Resistance 2$63,289.97

Resistance 1$61,824.92

Price$61,139.99

Support 1$61,067.23

Support 2$59,062.46

Support 3$52,643.43

Pivot (PP):$61,262.44

Trend:Downtrend

RSI (14):33.6

CoinDesk Staff

(11:36 AM UTC)

1 min read

Reviewed byMichael Roberts

1076 views

0 comments

Bitcoin’s recent $80,000 breakout was led by something other than U.S. spot buyers, data show

The rally was led by leveraged traders and not U.S.-based spot buyers. Hence, its. sustainability is being questioned.

Bitcoin's BTC$79,550.57 recent rise above $80,000 was led by leveraged trades and lacked strong participation from the U.S.-based investor pool, which typically plays a key role in…

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

CoinDesk Staff · CoinDesk

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