Analysis suggests BTC will face strong resistance near $80,000. Jamie Coutts, a crypto market analyst at Real Vision, stated via X (formerly Twitter), "The $80,000 price level is a zone where the True Market Mean (an indicator that estimates investors' average cost basis), the average cost basis of short-term holders, and a thick supply zone overlap simultaneously. In past bear markets, when the short-term holder cost basis crossed below the True Market Mean price, BTC entered its final downward leg. These signals have reappeared this time. If the February low was the actual bottom, the price must recover and hold above the mid-$80,000s to alleviate current selling pressure."
