Bitcoin Price Slips Below $80K as RSI Flashes Warning

Bitcoin's price has slipped below $80,000 after reaching a multi-month high of approximately $81,250. The pullback places Bitcoin about 2.5% below its intraday peak.

The decline followed a rally of around 25% from the $63,000, $65,000 region. Bitcoin moved through $70,000, $72,000, and $78,000 within several sessions before meeting heavier selling pressure above $80,000.

A weaker dollar and renewed concerns about currency debasement supported the advance. Demand from U.S. spot Bitcoin exchange-traded funds also contributed to the move.