Community Articles

via CoinDesk · By CoinDesk Staff

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

BTC

BTC/USDT

$79,714.28

-0.11%

$79,714.28

-0.11%

(24s)

24h Volume

$8,053,383,822.26

24h H/L

$80,200.00 / $79,233.00

Change: $967.00 (1.22%)

Long/Short

53.1%

Long: 53.1%Short: 46.9%

Funding Rate

+0.0022%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,711.92

▼ -0.15%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$81,908.22

Resistance 1$79,878.00

Price$79,711.92

Support 1$79,635.96

Support 2$73,033.65

Support 3$70,930.00

Pivot (PP):$79,824.58

Trend:Sideways

RSI (14):66.3

CoinDesk Staff

(11:36 AM UTC)

1 min read

Reviewed byMichael Roberts

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…

Add COINOTAG as a Preferred Source

Add COINOTAG to your preferred sources in Google News and Search to see our coverage first.

Add on Google

Source

CoinDesk Staff · CoinDesk

Read original →

Live BTC price →More BTC news →

Comments