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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

$64,184.12

+0.76%

$64,184.12

+0.76%

(24s)

24h Volume

$7,931,407,368.20

24h H/L

$64,350.00 / $63,400.00

Change: $950.00 (1.50%)

Long/Short

60.3%

Long: 60.3%Short: 39.7%

Funding Rate

+0.0005%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$64,254.00

▲ 1.06%

Volume (24h): -

Resistance Levels

Resistance 3$70,982.74

Resistance 2$68,191.60

Resistance 1$64,662.53

Price$64,254.00

Support 1$62,911.42

Support 2$61,056.47

Support 3$59,130.91

Pivot (PP):$64,007.55

Trend:Downtrend

RSI (14):35.8

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…

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Source

CoinDesk Staff · CoinDesk

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