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

BTC

BTC/USDT

$79,716.00

-0.05%

$79,716.00

-0.05%

(24s)

24h Volume

$8,056,624,248.93

24h H/L

$80,200.00 / $79,233.00

Change: $967.00 (1.22%)

Long/Short

53.1%

Long: 53.1%Short: 46.9%

Funding Rate

+0.0022%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,620.00

▼ -0.27%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$81,908.22

Resistance 1$79,878.00

Price$79,620.00

Support 1$78,324.21

Support 2$73,033.65

Support 3$70,930.00

Pivot (PP):$79,824.58

Trend:Sideways

RSI (14):65.9

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.