Bitcoin Found Strong Support at $80,000 Level

Bitcoin Rises Again After Decline

Bitcoin has rebounded from a sharp correction following its historic peak in October, bouncing back from the $80,000 level. The price has managed to stay above the average entry levels of key metrics.

Support Area Becomes Clear

The convergence of important metrics like True Market Mean, the cost basis of Exchange Traded Funds (ETFs) in the United States, and the 2024 cost basis around the $80,000 level highlights this region as a structural support area.