Bitcoin Stalls at $80K as Long-Term Holders Realize Gains
Bitcoin's price has been struggling to break the $80K resistance level, as long-term holders realize gains of around $80,000.
Fading volume and crowded long positions increase near-term pullback risk. The Bitcoin price trades at $78,353.62 after falling 1.20% during the past 24 hours.
Profit-taking has increased after the rally pushed momentum into overbought territory. Traders await Friday's PCE inflation report, which could reshape interest-rate expectations.