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via Cointelegraph · By Cointelegraph Staff

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

BTC

BTC/USDT

$79,781.99

-0.01%

$79,781.99

-0.01%

(24s)

24h Volume

$6,257,858,171.09

24h H/L

$80,200.00 / $79,442.00

Change: $758.00 (0.95%)

Long/Short

52.7%

Long: 52.7%Short: 47.3%

Funding Rate

+0.0009%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,736.01

▲ 0.09%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$82,300.00

Resistance 1$79,796.06

Price$79,736.01

Support 1$79,635.96

Support 2$76,187.99

Support 3$74,131.55

Pivot (PP):$79,916.17

Trend:Sideways

RSI (14):66.6

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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