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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

$59,200.09

-0.94%

$59,200.09

-0.94%

(24s)

24h Volume

$31,543,012,775.04

24h H/L

$61,962.40 / $58,115.01

Change: $3,847.39 (6.62%)

Long/Short

71.6%

Long: 71.6%Short: 28.4%

Funding Rate

-0.0002%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$59,500.95

▼ -2.58%

Volume (24h): -

Resistance Levels

Resistance 3$62,909.86

Resistance 2$61,603.90

Resistance 1$59,859.45

Price$59,500.95

Support 1$59,456.73

Support 2$58,115.01

Support 3$51,387.09

Pivot (PP):$59,859.45

Trend:Downtrend

RSI (14):30.0

CoinDesk Staff

(08:24 AM UTC)

1 min read

Reviewed byEmily Watson

956 views

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%…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

CoinDesk Staff · CoinDesk

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