$BTC Bitcoin rises above $81,000 after reclaiming the True Market Mean at $76,660, signaling potential bullish trend.
✴️Glassnode identifies $83,000-$86,000 as an increasingly thick liquidation layer, where forced short covering could accelerate Bitcoin’s move through resistance.
✴️ CryptoQuant contributor CW8900 reports that Bitcoin’s hashrate has risen again, indicating increased miner activity, which historically supports stronger BTC price conditions.
Bitcoin (BTC) rose above $81,000 on Friday after breaking back above the True Market Mean, suggesting the market may have returned to a bullish regime.
Bitcoin reclaims key market levels amid rising resistance
True Market Mean, at $76,660, represents the average price paid by active trading participants. Moves back above this level often indicate a return to bullish territory and can trigger positive short-term sentiment.
“Putting the price back above a crucial level and back into a bullish regime,” Glassnode’s analytics firm wrote in an X post on Friday.
With Bitcoin trading above the True Market Mean, attention has now shifted to the next major cost-basis barrier. Glassnode identifies the corporate treasury cost basis at around $80,421, followed by the cost basis of the US spot Bitcoin ETF near $85,638.
#BOJRaisesRatesTo31YearHigh #比特币突破8万 $ROLL $BTR
✴️Glassnode identifies $83,000-$86,000 as an increasingly thick liquidation layer, where forced short covering could accelerate Bitcoin’s move through resistance.
✴️ CryptoQuant contributor CW8900 reports that Bitcoin’s hashrate has risen again, indicating increased miner activity, which historically supports stronger BTC price conditions.
Bitcoin (BTC) rose above $81,000 on Friday after breaking back above the True Market Mean, suggesting the market may have returned to a bullish regime.
Bitcoin reclaims key market levels amid rising resistance
True Market Mean, at $76,660, represents the average price paid by active trading participants. Moves back above this level often indicate a return to bullish territory and can trigger positive short-term sentiment.
“Putting the price back above a crucial level and back into a bullish regime,” Glassnode’s analytics firm wrote in an X post on Friday.
With Bitcoin trading above the True Market Mean, attention has now shifted to the next major cost-basis barrier. Glassnode identifies the corporate treasury cost basis at around $80,421, followed by the cost basis of the US spot Bitcoin ETF near $85,638.
#BOJRaisesRatesTo31YearHigh #比特币突破8万 $ROLL $BTR
