The $80,000 level has emerged as a major threshold for Bitcoin as the cryptocurrency attempts to break out of the current bear market. CryptoQuant analyst Darkfost calculated a capital-weighted Bitcoin cost basis of approximately $79,600, placing the average invested capital near the $80,000 mark. A daily close above $80,000, followed by a weekly close above the same level, would represent a strong recovery signal. Analyst Ali Martinez identifies a major resistance zone between $83,307 and $84,569 where nearly 975,000 BTC were previously acquired, and a crucial support range between $76,996 and $78,258 where 843,000 BTC were previously traded.
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