Bitcoin Dips Below $80K as Analysts Say Profit-Taking Is on the Rise

BTC

BTC/USDT

$84,958.01

+1.67%

$84,958.01

+1.67%

(24s)

24h Volume

$19,692,710,486.16

24h H/L

$85,255.00 / $83,346.66

Change: $1,908.34 (2.29%)

Long/Short

56.7%

Long: 56.7%Short: 43.3%

Funding Rate

+0.0021%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$84,562.97

▲ 0.18%

Volume (24h): -

Resistance Levels

Resistance 3$99,648.20

Resistance 2$94,549.91

Resistance 1$85,369.74

Price$84,562.97

Support 1$84,364.01

Support 2$81,128.61

Support 3$77,001.87

Pivot (PP):$84,075.87

Trend:Uptrend

RSI (14):65.8

Decrypt Editorial

(06:22 PM UTC)

1 min read

Bitcoin's rally stalled on Thursday as the top crypto asset fell below $80,000.
Analysts at CryptoQuant note that the asset's recent rise has led to increased profit taking for traders.
While it may take time to realize, the report indicates that a correction could come as the bear market continues.

Bitcoin rallied to nearly $82,500 on Wednesday for the first time since January—but…