Bitcoin’s bullish price market shows signs of cooling: CryptoQuant
- Bitcoin is still in a bullish market after closing above the 365-day moving average, but on-chain data shows the upward momentum is slowing and selling pressure is increasing.
- Short-term investors are taking profits, with 25,700 BTC cashed out on September 22 — the largest one-day profit level in 2026 — indicating the possibility of increased profit-taking activity.
- Bitcoin’s key support levels are identified at the 365-day moving average, near $80,000, and the 200-day moving average, around $71,000; Bitcoin faces the risk of a deeper correction if demand continues to weaken.
Source: CryptoPotato
🌍 Updated by GemCrypto
$BTC
#Bitcoin #Crypto
- Bitcoin is still in a bullish market after closing above the 365-day moving average, but on-chain data shows the upward momentum is slowing and selling pressure is increasing.
- Short-term investors are taking profits, with 25,700 BTC cashed out on September 22 — the largest one-day profit level in 2026 — indicating the possibility of increased profit-taking activity.
- Bitcoin’s key support levels are identified at the 365-day moving average, near $80,000, and the 200-day moving average, around $71,000; Bitcoin faces the risk of a deeper correction if demand continues to weaken.
Source: CryptoPotato
🌍 Updated by GemCrypto
$BTC
#Bitcoin #Crypto
