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via CoinDesk · By CoinDesk Staff

Bitcoin isn't crashing because of Saylor, it's losing the momentum trade

BTC

BTC/USDT

$80,076.00

+0.70%

$80,076.00

+0.70%

(24s)

24h Volume

$6,413,420,361.03

24h H/L

$80,200.00 / $79,383.00

Change: $817.00 (1.03%)

Long/Short

53.3%

Long: 53.3%Short: 46.7%

Funding Rate

-0.0007%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,926.58

▲ 0.33%

Volume (24h): -

Resistance Levels

Resistance 3$91,281.84

Resistance 2$88,315.23

Resistance 1$80,810.13

Price$79,926.58

Support 1$79,916.17

Support 2$78,324.21

Support 3$76,182.96

Pivot (PP):$79,916.17

Trend:Sideways

RSI (14):67.0

CoinDesk Staff

(06:48 PM UTC)

1 min read

Updated byJames Mitchell

0 comments

Bitcoin's recent weakness reflects a broader rotation into AI, IPOs and other momentum trades rather than concerns about Michael Saylor's bitcoin sales, according to Charles Schwab's Jim Ferraioli.

Bitcoin's BTC$66,924.57 recent struggles to rise in tandem with U.S. stocks has sparked a wave of explanations, from concerns about Michael Saylor's Strategy (MSTR) selling bitcoin to questions about…

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Source

CoinDesk Staff · CoinDesk

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