Community Articles

via CoinDesk · By CoinDesk Staff

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

BTC

BTC/USDT

$79,812.01

+0.08%

$79,812.01

+0.08%

(24s)

24h Volume

$7,058,906,171.79

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

+0.0027%

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

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%…

Add COINOTAG as a Preferred Source

Add COINOTAG to your preferred sources in Google News and Search to see our coverage first.

Add on Google

Source

CoinDesk Staff · CoinDesk

Read original →

Live BTC price →More BTC news →

Comments