A look at it from a positioning perspective: Bitcoin falls below $80,000, down 1.17% in 24 hours
When news breaks, two things often happen in the market at the same time:
Early buyers start taking profits
Those who only showed up after seeing the news start buying in
Whichever group has more strength determines where the price goes. $BTC 24h Trading volume: $1.067 billion. Watch for any sudden spike in volume.
When news breaks, two things often happen in the market at the same time:
Early buyers start taking profits
Those who only showed up after seeing the news start buying in
Whichever group has more strength determines where the price goes. $BTC 24h Trading volume: $1.067 billion. Watch for any sudden spike in volume.