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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

$65,038.00

+1.07%

$65,038.00

+1.07%

(24s)

24h Volume

$5,170,153,841.15

24h H/L

$65,100.00 / $64,293.81

Change: $806.19 (1.25%)

Long/Short

63.9%

Long: 63.9%Short: 36.1%

Funding Rate

+0.0026%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$64,747.24

▲ 0.58%

Volume (24h): -

Resistance Levels

Resistance 3$70,467.59

Resistance 2$66,379.48

Resistance 1$65,295.47

Price$64,747.24

Support 1$64,050.00

Support 2$62,975.21

Support 3$61,824.97

Pivot (PP):$64,220.09

Trend:Uptrend

RSI (14):52.3

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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