Key Threshold: Bitcoin is testing the $80,000 level, where multiple technical and on-chain signals converge, making it a major market barrier. Capital Basis: CryptoQuant analysis shows a capital-weighted cost basis near $79,600, meaning a close above $80,000 could return a large share of invested capital to profit.
Bitcoin profitability data produced a bear-market reversal signal that was also present at the start of 2023.
Bitcoin (BTC) price is currently trading at the $79.8K mark. The sellers are temporarily in charge, and the broader market remains bullish.
The expiry has a 0.85 put/call ratio, meaning that calls are slightly ahead of puts across outstanding contracts.
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Can BTC surge to new highs before year-end? Explore key levels, market trends, and what could drive the next move.
BTC briefly touched $81,455 overnight, its highest since May 15 as Nasdaq futures slipped and gold extended gains heading into the weekend.
Spot Bitcoin ETFs extended their inflow streak to nine sessions while Bitcoin fell to around $79,000.
The Bitcoin price is continuing to grind higher with the major higher high target of $83K not too far away. Is Bitcoin about to come back and retest horizontal support at $79K before going higher?
Bitcoin holds near $80,000 as overbought signals, falling open interest, and a $83K-$86K supply zone test its recovery.
Selling bitcoin directly to another person? In Austria, private sales can still trigger 27.5 percent tax on the realised gain.
A steady move above $80,000 could return significant Bitcoin capital to profit, but resistance near $84,569 remains a major hurdle.