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

BTC

BTC/USDT

$84,710.00

+1.58%

$84,710.00

+1.58%

(24s)

24h Volume

$19,017,175,526.81

24h H/L

$84,942.45 / $83,346.66

Change: $1,595.79 (1.91%)

Long/Short

56.8%

Long: 56.8%Short: 43.2%

Funding Rate

+0.0020%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$84,644.26

▲ 0.28%

Volume (24h): -

Resistance Levels

Resistance 3$99,648.20

Resistance 2$94,549.91

Resistance 1$85,369.74

Price$84,644.26

Support 1$84,364.01

Support 2$81,859.10

Support 3$77,001.87

Pivot (PP):$84,075.87

Trend:Uptrend

RSI (14):66.0

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…