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via Decrypt · By Decrypt Editorial
Bitcoin Rally Cut Short as Profit-Taking Rises, US Demand Falls: CryptoQuant
BTC
BTC/USDT
$64,906.59
+1.38%
$64,906.59
+1.38%
(24s)24h Volume
$11,301,183,535.43
24h H/L
$65,176.60 / $63,603.92
Change: $1,572.68 (2.47%)
Long/Short
57.2%
Long: 57.2%Short: 42.8%
Funding Rate
+0.0058%
Longs pay
Data provided by COINOTAG DATALive data
DE
Decrypt Editorial(09:30 PM UTC)
1 min read
In brief
- Bitcoin's price recently fell short of topping its 200-day moving average, the average closing price over the period.
- The move mirrors its activity during 2022, which preceded a significant drop in the price.
- Nevertheless, BTC is still well above a key support level around $70,000 as it trades below $80,000 on Wednesday.
Bitcoin was unable to surpass its 200-day moving average price…
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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