‘Rally slows into resistance’: Bitcoin stalls below $78,000 as ETF outflows and long liquidations deepen recovery doubts
60-second summary
Bitcoin trades near $77,500, struggling to break through resistance as ETF outflows extend to four consecutive days and long liquidations intensify. Analysts flag $80,000 as the next key test, indicating a challenging hurdle ahead. The rally's momentum is being tested, casting doubts on the recovery's sustainability, with market participants closely monitoring the price action.
Bitcoin trades near $77,500 as ETF outflows extend to four days, long liquidations mount, and analysts flag $80,000 as the next key test.