An analysis suggests that BTC will face strong resistance around the $80,000 mark. Jamie Coutts, a cryptocurrency market analyst at Real Vision, stated via X that "the $80,000 price level is a zone where the True Market Mean (an indicator for gauging investors' average acquisition cost), the average acquisition cost of short-term holders, and a thick supply zone simultaneously overlap. In past bear markets, when the average acquisition cost of short-term holders crossed below the True Market Mean price, BTC entered its final downward phase. 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."
