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via Cointelegraph · By Cointelegraph Staff
Bitcoin Price Targets $78K as BTC Holders Defend 'Strongest Near-Term Support'
BTC
BTC/USDT
$63,025.39
+0.06%
$63,025.39
+0.06%
(24s)24h Volume
$2,180,695,592.34
24h H/L
$63,175.00 / $62,946.58
Change: $228.42 (0.36%)
Long/Short
68.0%
Long: 68.0%Short: 32.0%
Funding Rate
+0.0034%
Longs pay
Data provided by COINOTAG DATALive data
CS
Cointelegraph Staff(12:39 PM UTC)
1 min read
Bitcoin (BTC) is rebounding from a key on-chain support zone, putting the $78,000 level back in focus for bulls.
Key takeaways:
- BTC is eyeing a rebound to $78,200, the realized price of BTC held for three to six months.
- A sustained move above this cost basis could put Bitcoin on track for a push above $100,000 by year-end.
BTC's short-term holders defend $71,400 cost basis
Bitcoin rebounded roughly…
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