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Bitcoin consolidates at $79,000 as profit-taking and consolidation keep market cautious. Here's what experts say
Bitcoin held near $79,000 on Thursday as profit-taking and consolidation kept traders cautious following its recent recovery. Analysts said the cryptocurrency remains in a constructive setup, with $77,500-$78,000 acting as key support and $80,000-$82,850 as resistance. Traders are also watching Jackson Hole commentary and upcoming US inflation data.
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coindesk.com
Bitcoin nears $80,000, but analysts say the next pullback will be key
Analysts say consolidation could strengthen bitcoin’s rally, while thin trading above $80,000 may set up sharper price moves.
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economictimes.indiatimes.com
Bitcoin consolidates near $79K ahead of US PCE, GDP Data; whales book record $1.2 billion profit in 3 days
Bitcoin traded near $79,000 on Wednesday as traders await key US PCE inflation and GDP data. While the broader trend remains bullish, rising profit-taking and resistance around…
