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Analyst, around $78k remains a key support level for Bitcoin; if it breaks above $85k or rapidly rises to $95k
Mars Finance News, CoinDesk analyst James Van Straten stated that nearly 15% of Bitcoin supply is currently concentrated around the 200-day moving average, approximately in the $83,000 to $85,000 range. He believes that if Bitcoin breaks through $85,000, it could quickly rise to $95,000. Additionally, the true market mean (TMM) and the cost basis of short-term holders still form a key support around $78,000.