Bitcoin slips below $80,000: Why the 'Trump rally' is hitting a wall of profit-taking
Bitcoin slipped below $80,000 Wednesday after briefly breaking above it, as on-chain data revealed heavy profit-taking from short-term holders. Analysts remain divided: CryptoQuant and Enflux view the rebound as a fragile macro-driven relief rally, while Glassnode sees early structural recovery signs. Key resistance near $85,200 and lingering skepticism in prediction markets suggest sustained bullish momentum faces headwinds.
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