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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

$61,070.35

-2.40%

$61,070.35

-2.40%

(24s)

24h Volume

$15,856,087,315.70

24h H/L

$63,239.06 / $60,888.00

Change: $2,351.06 (3.86%)

Long/Short

70.6%

Long: 70.6%Short: 29.4%

Funding Rate

+0.0008%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$61,114.00

▼ -2.58%

Volume (24h): -

Resistance Levels

Resistance 3$71,024.39

Resistance 2$63,964.55

Resistance 1$61,821.38

Price$61,114.00

Support 1$60,382.69

Support 2$59,082.44

Support 3$52,679.32

Pivot (PP):$61,807.87

Trend:Downtrend

RSI (14):33.4

CoinDesk Staff

(06:48 PM UTC)

1 min read

Updated byJames Mitchell

1252 views

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…

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

CoinDesk Staff · CoinDesk

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