Bitcoin slipped to roughly $79,300, down about 1.7% in 24 hours, as its recent uptrend ran into a key resistance level and reversed. Holders who rode the rally higher are increasingly cashing out gains, and demand from US buyers — historically a major price driver — has visibly softened. The combination of seller pressure from above and weakening buyer interest from the US market has taken momentum out of the move.
For crypto portfolios, stalling momentum at resistance with rising profit-taking is a classic setup for further consolidation or a pullback — not necessarily a crash, but likely a choppy patch. US demand is a leading indicator for Bitcoin price direction; when American buyers step back, the fuel for sustained rallies typically dries up. Altcoins and crypto-correlated equities often underperform during these pauses in Bitcoin momentum.
Watch for Bitcoin's ability to hold support around $75,000–$78,000 in the coming sessions. Key macro dates: April 10 — US CPI inflation report, which could shift risk appetite across crypto markets. April 16 — next round of major US economic data releases. Any shift in Federal Reserve rate expectations will also ripple directly into Bitcoin demand.
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