Bitcoin price drops below $76K as onchain data sends mixed signals
Bitcoin fell below $76,000 Tuesday after failing to break $80,000 resistance amid weak onchain fundamentals and geopolitical uncertainties. Mixed signals complicate the outlook: spot cumulative volume delta surged 200%, suggesting bullish momentum, but spot trading volume dropped 13.8% and active addresses declined 1.6%, indicating reduced participation. Technical support sits at $75,500 while resistance looms at $80,000, trapping BTC in consolidation ahead of the FOMC meeting.
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