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via Cointelegraph · By Cointelegraph Staff

Bitcoin Demand Weakens as BTC Price Risks Prolonged Consolidation

BTC

BTC/USDT

$79,979.23

+0.46%

$79,979.23

+0.46%

(24s)

24h Volume

$7,077,901,679.78

24h H/L

$80,200.00 / $79,545.96

Change: $654.04 (0.82%)

Long/Short

53.1%

Long: 53.1%Short: 46.9%

Funding Rate

+0.0027%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,977.99

▲ 0.18%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$82,260.41

Resistance 1$80,157.58

Price$79,977.99

Support 1$79,635.96

Support 2$77,509.46

Support 3$73,033.65

Pivot (PP):$79,824.58

Trend:Sideways

RSI (14):67.1

Cointelegraph Staff

(12:49 PM UTC)

1 min read

Approved byDavid Kim

0 comments

Demand for Bitcoin (BTC) has decreased sharply over the last few days as the price ran into overhead resistance above $80,000. Analysts say BTC’s inability to hold key support levels may be paving the way for a prolonged consolidation.

Key takeaways:

Bitcoin’s apparent demand fell to -3,138 BTC, its lowest level in four months.
Weak spot activity and negative ETF flows pressure the BTC price below…

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Source

Cointelegraph Staff · Cointelegraph

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