Nic Puckrin, co-founder and CEO of Coin Bureau, stated on X that Bitcoin has broken through the $80,000 mark, hitting a new high in nearly three months. It has also reclaimed several key technical and on-chain indicator ranges, including the middle of the CME gap ($79,000 – $84,000), the bull market support band, and has risen above both the short-term holder realized price and the true market mean.
Puckrin analyzed that if Bitcoin's price can stabilize within the current range, the next levels to watch include the ETF average cost basis around $83,000 and the upper edge of the CME gap at approximately $84,500. Overall, Bitcoin's short-term trajectory has entered a critical validation phase, and the market may be facing a more volatile trading window.
Analysis: Bitcoin Enters Critical Validation Zone, ETF Cost and CME Gap Become Focus
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Source:Odaily · Source Link
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