Why Can't Bitcoin Hold $80,000 When Sellers Have Given Up?
Bitcoin (BTC) trades near $78,257 after slipping back below $80,000, the level analysts say must break before liquidity returns. On-chain data show easing selling pressure, yet fresh spot buyers have not arrived. Easing selling pressure has carried the move further than fresh buying has. Futures traders have led the rebound, while spot flows stay neutral. The post Why Can't Bitcoin Hold $80,000 When Sellers Have Given Up? appeared first on BeInCrypto.
Key Takeaways
- Bitcoin (BTC) trades near $78,257 after slipping back below $80,000, the level analysts say must break before liquidity returns.
- On-chain data show easing selling pressure, yet fresh spot buyers have not arrived.
- Easing selling pressure has carried the move further than fresh buying has.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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