Bitcoin slips below $80,000 on profit-taking
Bitcoin briefly broke above $80,000 before slipping back as on-chain data showed heavy profit-taking, especially from short-term holders.
The cryptocurrency has reclaimed key levels around $78,200 to $79,100, but resistance near $85,200 and ongoing long-term holder profit-taking point to lingering skepticism.
The rebound still looks more like a relief rally than a true bull-market breakout, with profits remaining well below levels seen in past sustained uptrends.