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via Decrypt · By Decrypt Editorial

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

BTC

BTC/USDT

$61,259.66

-2.40%

$61,259.66

-2.40%

(24s)

24h Volume

$30,272,131,914.25

24h H/L

$63,239.06 / $59,102.70

Change: $4,136.36 (7.00%)

Long/Short

67.8%

Long: 67.8%Short: 32.1%

Funding Rate

+0.0002%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$61,280.09

▲ 0.33%

Volume (24h): -

Resistance Levels

Resistance 3$64,719.41

Resistance 2$63,339.48

Resistance 1$61,871.62

Price$61,280.09

Support 1$61,067.23

Support 2$59,097.49

Support 3$52,643.43

Pivot (PP):$61,309.14

Trend:Downtrend

RSI (14):34.2

Decrypt Editorial

(06:22 PM UTC)

1 min read

Updated bySarah Chen

612 views

0 comments

In brief

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…

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

Decrypt Editorial · Decrypt

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