78815.300
Today
-0.51%
5 Days
-0.04%
1 Month
+21.34%
6 Months
+16.94%
Year to Date
-10.16%
1 Year
-29.15%
Opening Price
79182.010Previous Closing Price
79208.000Bitcoin (BTC) hovers around $79,000 on Tuesday, struggling to break above the sell wall between $80,000 and $82,850. The broader cryptocurrency market sentiment remains bullish, with the Fear and Greed Index showing a reading of 73.
Bitcoin’s (BTC) short-term holder (STH) whales have reached a record level of unrealized profit, raising concerns that increased profit-taking could put pressure on the market during its current consolidation phase.
Bitcoin (BTC) is correcting below $79,000 on Monday, mirroring the broader cryptocurrency market’s lethargic, bearish-shifting outlook. The Crypto King was rejected near $81,500 last Thursday, suggesting investor exhaustion.
• Macro liquidity conditions and U.S. interest rate expectations created Bitcoin downward pressure. • Holiday-thinned trading sessions and technical resistance amplified the localized market liquidity pullback. • Spot Bitcoin ETFs maintained net capital inflows despite short-term macro headwinds.
Bitcoin (BTC) trades near $79,500 at the time of writing on Monday, consolidating near the recent highs after gaining more than 3.4% last week.
Cryptocurrency prices are facing a broad correction on Monday, following failed attempts to break through key resistance levels. Bitcoin (BTC) is retreating toward $79,000 at the time of writing, pressured by ongoing profit-taking and persistent macroeconomic headwinds.
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.
Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.
The downside prevails as long as 80,048 is resistance, with 78,602 and 78,211 as targets
above 80,048, look for 80,707 and 81,099.
The downside prevails as long as 80,048 is resistance, with 78,602 and 78,211 as targets
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