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Bitcoin Confronts $80,000 Barrier Amidst Derivatives-Driven Risk Aversion
The bitcoin price, currently at $76,303.87, may be poised for a correction despite its slight uptrend. Having gained less than 0.5% since midnight UTC, any significant push towards $80,000 is likely to encounter resistance. According to Luke Deans, a senior research associate at Bitwise, short-term holders have a cost basis around $80,000, which could trigger profit-taking and selling, thereby li…
April 30, 2026, 11:01 a.m.
Markets
Bitcoin Encounters Resistance at $80,000 Amidst Derivatives-Driven Risk Aversion
Bitcoin, currently valued at $79,750.82, is poised for a potential downturn despite its slight gains. The cryptocurrency has seen less than a 0.5% increase since midnight UTC, and any significant move towards $80,000 is likely to face opposition. According to Luke Deans, a senior research associate at Bitwise, short-term holders have a cost basis around $80,000, which may prompt them to take prof…
April 30, 2026, 11:01 a.m.
Markets
Bitcoin Encounters Resistance at $80,000 as Derivatives Indicate Caution
Currently trading at $77,090.75, Bitcoin may experience a setback despite its slight increase. The cryptocurrency has seen less than a 0.5% gain since midnight UTC, and any significant move towards $80,000 is likely to encounter resistance. According to Luke Deans, a senior research associate at Bitwise, short-term holders have a cost basis around $80,000, which could prompt them to realize profi…
April 30, 2026, 11:01 a.m.
Markets
Bitcoin Confronts $80,000 Barrier Amidst Derivatives Indicating Caution
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April 30, 2026, 11:01 a.m.
Markets
Bitcoin Encounters Resistance at $80,000 as Derivatives Indicate Caution
The value of Bitcoin, currently at $78,422.65, may be poised for a downturn despite its slight increase. Having gained less than 0.5% since midnight UTC, the cryptocurrency's progress towards $80,000 is expected to face opposition. According to Luke Deans, a senior research associate at Bitwise, short-term holders have a cost basis around $80,000, which may prompt them to take profits and sell if…
April 30, 2026, 11:01 a.m.
Markets
Bitcoin Encounters Resistance at $80,000 Amidst Cautious Derivatives Market
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April 30, 2026, 11:01 a.m.
Markets
Bitcoin Encounters Resistance at $80,000 Amidst Derivatives-Driven Caution
None
April 30, 2026, 11:01 a.m.
Markets
Bitcoin Encounters Resistance at $80,000 as Derivatives Indicate Risk Aversion
The value of Bitcoin, currently at $76,319.58, may experience a setback despite its slight increase. Having gained less than 0.5% since midnight UTC, any significant movement towards $80,000 is likely to encounter opposition. According to Luke Deans, a senior research associate at Bitwise, short-term holders have a cost basis around $80,000, which could prompt them to sell and realize profits, th…
April 30, 2026, 11:01 a.m.
Markets
Bitcoin Encounters Resistance at $80,000 as Derivatives Indicate Caution
With Bitcoin currently trading at $77,236.71 and showing a slight increase, it may soon experience a downturn. Having gained less than 0.5% since midnight UTC, any significant push towards $80,000 is expected to meet resistance. According to Luke Deans, a senior research associate at Bitwise, short-term holders have a cost basis around $80,000, which could prompt them to sell and realize profits,…
April 30, 2026, 11:01 a.m.
Markets
Bitcoin Confronts $80,000 Barrier Amidst Derivatives Indicating Risk Caution
None
April 30, 2026, 11:01 a.m.