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via Cointelegraph · By Cointelegraph Staff

Bitcoin Price Targets $78K as BTC Holders Defend 'Strongest Near-Term Support'

BTC

BTC/USDT

$84,014.05

+0.20%

$84,014.05

+0.20%

(24s)

24h Volume

$15,684,221,982.81

24h H/L

$85,255.00 / $83,183.00

Change: $2,072.00 (2.49%)

Long/Short

58.4%

Long: 58.4%Short: 41.6%

Funding Rate

+0.0009%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$84,007.02

▼ -0.11%

Volume (24h): -

Resistance Levels

Resistance 3$87,335.96

Resistance 2$85,667.07

Resistance 1$84,048.83

Price$84,007.02

Support 1$83,103.66

Support 2$80,169.72

Support 3$77,064.96

Pivot (PP):$84,179.33

Trend:Uptrend

RSI (14):63.9

Cointelegraph Staff

(12:39 PM UTC)

1 min read

Reviewed byDavid Kim

0 comments

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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Source

Cointelegraph Staff · Cointelegraph

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