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via CryptoPotato · By CryptoPotato Editorial

Bitcoin (BTC) Rally Driven by Short Covering, Not Fresh Leverage: QCP

BTC

BTC/USDT

$79,673.95

-1.80%

$79,673.95

-1.80%

(24s)

24h Volume

$17,157,840,436.11

24h H/L

$81,423.03 / $78,660.00

Change: $2,763.03 (3.51%)

Long/Short

52.6%

Long: 52.6%Short: 47.4%

Funding Rate

-0.0014%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,603.06

▼ -0.07%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$82,300.00

Resistance 1$79,916.17

Price$79,603.06

Support 1$78,324.21

Support 2$76,172.06

Support 3$74,131.55

Pivot (PP):$79,916.17

Trend:Sideways

RSI (14):66.2

CryptoPotato Editorial

(05:03 PM UTC)

1 min read

Verified bySarah Chen

0 comments

Bitcoin's recent uptick faces questions as liquidity remains narrow, the Fed stays hawkish, and fresh leverage has yet to emerge.

Bitcoin has gained almost 23% over the past month, but a few choppy sessions briefly dragged the asset below $76,500. BTC has since stabilized above $77,700 following a minor 1.4% surge on Thursday.

The…

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CryptoPotato Editorial · CryptoPotato

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