Bitcoin Slips Below $76K Amid Mixed Onchain Signals
Bitcoin failed to hold above $80K resistance as onchain fundamentals weakened, but rising spot CVD hints at potential recovery.
BTCUSD
Bitcoin has fallen below $76,000 after failing to break through the $80,000 resistance level. The decline comes as on-chain data shows weakening fundamentals, adding selling pressure.
However, a bright spot emerges from the spot cumulative volume delta (CVD), which is rising. This metric often signals buying interest and could support a recovery if momentum continues.
Traders are watching for confirmation as mixed signals keep the market uncertain.
Source: Cointelegraph Markets & Research