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Bitcoin's Rise Curbed by Profit-Taking and Sluggish US Demand, According to CryptoQuant Analysis

2026/05/14 12:14 (Updated 2026/05/14 17:01)
CoinPost
Written by A.Yamada
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Bitcoin's Rise Curbed by Profit-Taking and Sluggish US Demand, According to CryptoQuant Analysis

"BTC Reaches a Major Resistance Line"

"BTC Reaches a Major Resistance Line"

Crypto asset analysis firm CryptoQuant released its weekly market report on May 13th, stating that Bitcoin's (BTC) recent rise has been curbed by profit-taking and a slump in demand within the US.

Since the beginning of May, Bitcoin had surged 37% from its April low, eventually reaching a significant bearish resistance line at the 200-day moving average ($82,400)...

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