- Bitcoin price fell 0.7% in 24 hours but recovered from lower levels.
- Santiment data showed BTC sentiment shifting from fear to strong FOMO.
- RVMM momentum stayed positive as Bitcoin held its rising channel.
This month, the Bitcoin price saw an uptick from its monthly low of $64K to a high of $79K. Since then, the BTC-0.84% has been trading within that support and resistance range as it attempts to break above $80K. However, each uptick has been challenged, with even rebounds taking place.
Bitcoin Price Falls 0.7% as 24-Hour Trend Stays Below Early Highs
A brief look at the time of press reveals that the Bitcoin price traded at $77,706.30 after falling 0.7% in 24 hours. The price trend showed early weakness after a brief move above the $78,250 region. Bitcoin price then dropped sharply and moved below the $78,000 level.
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