Bitcoin Rally Stalls at $80K as Capital Inflows Trail Prior Breakout Phases: Glassnode

BTC

BTC/USDT

$63,127.45

+0.08%

$63,127.45

+0.08%

(24s)

24h Volume

$2,874,413,952.92

24h H/L

$63,390.00 / $62,968.45

Change: $421.55 (0.67%)

Long/Short

68.8%

Long: 68.8%Short: 31.2%

Funding Rate

+0.0037%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,100.90

▲ 0.02%

Volume (24h): -

Resistance Levels

Resistance 3$64,507.45

Resistance 2$63,879.31

Resistance 1$63,135.87

Price$63,100.90

Support 1$62,993.17

Support 2$61,814.38

Support 3$61,056.47

Pivot (PP):$63,064.66

Trend:Downtrend

RSI (14):43.3

Cointelegraph Staff

(02:18 PM UTC)

1 min read

Verified byJames Mitchell

0 comments

Bitcoin (BTC) is struggling to enter a stronger breakout phase above $80,000, as capital inflows into the BTC market remain below levels seen in past bull runs. BTC futures traders are also staying cautious, while a growing number of investors who have held for the past six months may look to sell into key resistance levels, according to new analysis.