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Bitcoin Support Thins Below $78,000 As Cost Basis Clusters Shift Toward $95,000

Summary by NewsBTC
Bitcoin’s price action in the past 48 hours has seen it approaching the $80,000 price level again, with risks of breaking to the downside. Looking at on-chain data shows a notable support level between $80,920 and $78,000 that must not be broken.  Particularly, on-chain analytics from Glassnode point to a thinning of support at the $78,000 level, where only minimal cost basis clusters now exist. The insight follows a sharp move that saw savvy tr…
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investincryptonews.cominvestincryptonews.com

Bitcoin Price Battles to Stay Above $83k, Is the Rally Done? - Invest In Crypto News

Bitcoin (BTC) is facing increasing pressure as key support levels are breaking, raising concerns about the end of its recent upward trend. The world’s leading cryptocurrency is struggling to hold its gains, with technical indicators pointing toward a shift toward bearish territory. Key Support Levels at Risk On the daily chart, Bitcoin has dropped below a critical Fibonacci support level around $83,000, which had previously acted as a strong fou…

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coinsurges.comcoinsurges.com

Bitcoin Support Thins Below $78,000 As Cost Basis Clusters Shift Toward $95,000 - Coin Surges

Bitcoin’s price action in the past 48 hours has seen it approaching the $80,000 price level again, with risks of breaking to the downside. Looking at on-chain data shows a notable support level between $80,920 and $78,000 that must not be broken.  Particularly, on-chain analytics from Glassnode point to a thinning of support at the $78,000 level, where only minimal cost basis clusters now exist. The insight follows a sharp move that saw savvy tr…

Read Full Article
DailyTruthReportDailyTruthReport
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NewsBTCNewsBTC

Bitcoin Support Thins Below $78,000 As Cost Basis Clusters Shift Toward $95,000

Bitcoin’s price action in the past 48 hours has seen it approaching the $80,000 price level again, with risks of breaking to the downside. Looking at on-chain data shows a notable support level between $80,920 and $78,000 that must not be broken.  Particularly, on-chain analytics from Glassnode point to a thinning of support at the... The post Bitcoin Support Thins Below $78,000 As Cost Basis Clusters Shift Toward $95,000 appeared first on Daily…

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NewsBTC broke the news in on Sunday, March 30, 2025.
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