Bitcoin Faces $80K Resistance as Short-Term Holders Approach Break-Even

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Bitcoin is likely to face selling pressure around $80,000 because short-term holders’ average cost basis is near that level, Bitwise senior research analyst Luke Deans said. The report also said Bitcoin’s 30-day Implied Volatility Index fell to 41%, its lowest level since Jan. 29.

BTC-0.15%
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