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Crypto

Bitcoin Fails to Break Through $80K Barrier Amid Profit-Taking Pressure

Guavy AI Editorial Team
Instruments
BTC
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Bitcoin has been testing the $80,000 mark but hasn't yet confirmed a clear breakout. The number of Bitcoin in profit reached 14 million, signaling potential selling pressure from holders looking to take profits.

However, investor confidence appears to be returning as more Bitcoin leaves exchanges, reducing immediate selling supply.

Institutional buying, including recent BlackRock purchases and strong ETF inflows, could be key to pushing Bitcoin decisively above $80,000.

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