Community Articles

via The Block · By The Block Editorial

CryptoQuant says bitcoin profit-taking could increase further amid 'bear market rally'

BTC

BTC/USDT

$79,849.03

-0.12%

$79,849.03

-0.12%

(24s)

24h Volume

$7,246,845,903.76

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

+0.0026%

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

The Block Editorial

(08:44 PM UTC)

1 min read

Approved byEmily Watson

0 comments

Bitcoin profit-taking could increase further after the recent price rally, according to onchain analytics firm CryptoQuant.

Bitcoin has risen over 20% since the start of April to a three-month high, driven by a mix of earlier undervaluation, easing macroeconomic pressure, and a sharp increase in perpetual futures demand, CryptoQuant's head of research, Julio Moreno, said in a report. Despite the…

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

The Block Editorial · The Block

Read original →

Live BTC price →More BTC news →

Comments