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BITCOIN JUST RECLAIMED THE SHORT-TERM HOLDER REALIZED PRICE.
This is one of the most important levels for Bitcoin right now.
The last major cycle bottom formed after Bitcoin reclaimed this level in early 2023, and now Bitcoin is attempting the same move again around $78,000–$80,000.
But one reclaim is NOT enough.
We need to see multiple weekly closes above the STH Realized Price to confirm that the trend has genuinely shifted.
Until then, this could still be a deviation above the level designed to trap bulls before another move lower.
The next few weekly closes are crucial.