Bitcoin Rally Cut Short as Profit-Taking Rises, US Demand Falls: CryptoQuant

BTC

BTC/USDT

$75,492.01

+8.02%

$75,492.01

+8.02%

(24s)

24h Volume

$40,439,650,135.92

24h H/L

$75,785.82 / $69,506.91

Change: $6,278.91 (9.03%)

Long/Short

51.0%

Long: 51.0%Short: 49.0%

Funding Rate

+0.0051%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$75,352.59

▲ 3.18%

Volume (24h): -

Resistance Levels

Resistance 3$78,568.57

Resistance 2$76,859.07

Resistance 1$75,785.82

Price$75,352.59

Support 1$73,884.38

Support 2$72,752.83

Support 3$70,151.58

Pivot (PP):$71,775.79

Trend:Uptrend

RSI (14):83.3

Decrypt Editorial

(09:30 PM UTC)

1 min read

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…