Bitcoin pulls back to $76,600 as rising oil price and Iran risks stall the rally
Short-term holder profit-taking is offsetting fresh demand from ETFs and Strategy, pointing to consolidation below $80,000, Bitfinex analysts said.
Bitcoin is likely to consolidate below $80,000 as short-term profit-taking continues to weigh on prices. The rising oil prices and geopolitical risks may further hinder upward momentum.
Short-term holder profit-taking is offsetting fresh demand from ETFs and Strategy, pointing to consolidation below $80,000, Bitfinex analysts said.
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