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via Cointelegraph · By Cointelegraph Staff

Bitcoin Rally Stalls At $80K But Bulls Anticipate A Pro-Crypto Fed Chair

BTC

BTC/USDT

$79,874.53

-0.12%

$79,874.53

-0.12%

(24s)

24h Volume

$7,253,206,484.14

24h H/L

$80,107.99 / $79,233.00

Change: $874.99 (1.10%)

Long/Short

53.1%

Long: 53.1%Short: 46.9%

Funding Rate

+0.0022%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,944.00

▲ 0.14%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$81,908.22

Resistance 1$80,157.58

Price$79,944.00

Support 1$79,635.96

Support 2$77,455.78

Support 3$73,033.65

Pivot (PP):$79,824.58

Trend:Sideways

RSI (14):67.0

Cointelegraph Staff

(11:57 PM UTC)

1 min read

Approved byMichael Roberts

0 comments

Key takeaways:

A weakening US dollar and higher government debt favor scarce assets, even as spot Bitcoin ETF outflows and low retail demand spark some concern.
Traders expect Kevin Warsh to become Fed Chair, which could benefit Bitcoin.

Bitcoin (BTC) stagnated near $80,000 on Friday following a rejection at $82,500. Traders grew anxious after US-listed spot Bitcoin exchange-traded funds (ETFs)…

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Source

Cointelegraph Staff · Cointelegraph

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