Bitcoin Price Falters Below $80K Amid Ongoing Profit-Taking

Bitcoin's price has stalled below $80,000 after briefly reclaiming $79,000. The cryptocurrency is trading near $78,800 at press time.

The LTH-SOPR/STH-SOPR ratio dropped to 0.93, indicating that profitable holders are continuing to take profits. This selling pressure has created short-term challenges for crypto markets despite ETF inflows and lower U.S. Treasury yields supporting demand.

A move above $79,535 could potentially open the path towards $82,842 and even $90,000.