Bitcoin faces resistance near $80,000 as break-even selling builds

Bitcoin is facing resistance near $80,000, where the average purchase price for buyers over the past 155 days is about $80,100. Glassnode data cited by CryptoSlate shows short-term holder realized profit has risen to $4.4 million per hour, while a move toward $75,000 is possible if demand does not absorb selling pressure.

BTC-0.56%
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