Stretched Profits and Cooling Demand Put Bitcoin Rally on Pause — For Now: Report
By Mathew Di Salvo
AI summary of the source article
According to a report by CryptoQuant, Bitcoin's recent rally is pausing as short-term holders begin realizing profits. The cryptocurrency traded at $82,939 after reaching an eight-month peak of $87,251. The firm identified potential support floors at $80,000, $71,000, and $67,000 should a near-term correction occur.