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

BTC

BTC/USDT

$77,579.68

+8.00%

$77,579.68

+8.00%

(24s)

24h Volume

$48,374,060,124.03

24h H/L

$79,500.00 / $71,132.00

Change: $8,368.00 (11.76%)

Long/Short

51.5%

Long: 51.5%Short: 48.5%

Funding Rate

+0.0064%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$77,038.15

▲ 5.49%

Volume (24h): -

Resistance Levels

Resistance 3$88,643.57

Resistance 2$82,048.13

Resistance 1$78,313.77

Price$77,038.15

Support 1$76,859.07

Support 2$74,649.36

Support 3$70,212.56

Pivot (PP):$71,775.79

Trend:Uptrend

RSI (14):84.9

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…