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via CoinDesk · By CoinDesk Staff

BTC price analysis: Bitcoin absorbed $200 million profit-taking at $80,000

BTC

BTC/USDT

$79,983.45

+0.25%

$79,983.45

+0.25%

(24s)

24h Volume

$7,227,395,046.52

24h H/L

$80,107.99 / $79,233.00

Change: $874.99 (1.10%)

Long/Short

53.3%

Long: 53.3%Short: 46.7%

Funding Rate

+0.0021%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,932.00

▲ 0.13%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$81,908.22

Resistance 1$80,157.58

Price$79,932.00

Support 1$79,635.96

Support 2$77,523.79

Support 3$73,033.65

Pivot (PP):$79,824.58

Trend:Sideways

RSI (14):67.0

CoinDesk Staff

(12:56 PM UTC)

1 min read

Reviewed byJames Mitchell

0 comments

Bitcoin absorbed $200 million profit-taking at $80,000 in a bullish sign for BTC

Net realized profits hit a one-month high of $207.56 million Sunday as bitcoin crossed $80,000 for the first time since January, with the price holding above the breakout level into Tuesday despite the heavy sell-side flow.

Bitcoin bears likely consider $80,000 as an area to take profits around, but onchain data…

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Source

CoinDesk Staff · CoinDesk

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