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via CoinDesk · By CoinDesk Staff

Bitcoin slips below $80,000: Why the 'Trump rally' is hitting a wall of profit-taking

BTC

BTC/USDT

$62,780.00

-0.60%

$62,780.00

-0.60%

(24s)

24h Volume

$3,513,527,155.32

24h H/L

$63,390.00 / $62,754.00

Change: $636.00 (1.01%)

Long/Short

69.3%

Long: 69.3%Short: 30.7%

Funding Rate

+0.0028%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$62,868.20

▼ -0.35%

Volume (24h): -

Resistance Levels

Resistance 3$64,507.45

Resistance 2$63,879.31

Resistance 1$63,135.87

Price$62,868.20

Support 1$61,814.38

Support 2$61,056.47

Support 3$57,800.19

Pivot (PP):$63,064.66

Trend:Downtrend

RSI (14):41.8

CoinDesk Staff

(08:24 AM UTC)

1 min read

Reviewed byEmily Watson

0 comments

CryptoQuant says traders are cashing out into strength, Enflux ties the move to easing Hormuz tensions, while Glassnode argues bitcoin has reclaimed key levels needed for a broader recovery.

Bitcoin BTC$79,512.22 slipped back below $80,000 on Wednesday after a brief breakout attempt, as onchain data suggested the rally was already running into profit-taking pressure.

CryptoQuant said bitcoin’s 37%…

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Source

CoinDesk Staff · CoinDesk

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