Bitcoin cannot break out past $80,000 until it devours an 880k BTC roadblock that choked every rally
Bitcoin is testing a roughly $68 billion breakeven wall that has repeatedly stalled its push back above $80,000. About 880,000 BTC carry a cost basis between roughly $77,500 and $80,300, leaving a large group of holders close to where they originally bought, Bitfinex Alpha data shows. Data from CryptoSlate shows Bitcoin trading near $77,890 as […] The post Bitcoin cannot break out past $80,000 until it devours an 880k BTC roadblock that choked every rally appeared first on CryptoSlate.
Key Takeaways
- Bitcoin is testing a roughly $68 billion breakeven wall that has repeatedly stalled its push back above $80,000.
- About 880,000 BTC carry a cost basis between roughly $77,500 and $80,300, leaving a large group of holders close to where they originally bought, Bitfinex Alpha data shows.
- Data from CryptoSlate shows Bitcoin trading near $77,890 as […] The post Bitcoin cannot break out past $80,000 until it devours an 880k BTC roadblock that choked every rally appeared first on CryptoSlate.
Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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