Flipping $80K To Support Requires A Rally Through Holders’ Cost-basis
Cointelegraph
Bitcoin must surpass the $81,486 short-term holder cost basis to flip the $80,000 level into reliable support.Summary
Bitcoin recently tested $80,500, but faces immediate resistance at the short-term holder cost basis of $81,486. A daily close above this threshold is essential to turn the $80,000 mark into support by returning recent buyers to profitability and reducing sell-side pressure. While market metrics like the Spent-Output Profit Ratio show increasing profit-taking, decreased exchange inflows suggest a reduction in immediate selling pressure, potentially paving the way for a move toward an $84,000 price target.
(Source：Cointelegraph)