Bitcoin just carved out a fresh support zone right at the $80K mark. What's interesting? The cost-basis heatmap is lighting up with activity – tons of coins got scooped up during today's dip, all clustered around that low-$80K range.
Here's why this matters: when buyers pile in at a specific price level, they've got skin in the game. They're not gonna let it slide below their entry without a fight. That psychological anchor tends to hold strong, especially when the volume's this concentrated.
So yeah, $80K isn't just a round number anymore. It's shaping up as a legit line in the sand that recent buyers will probably defend tooth and nail. Keep an eye on how price action behaves around this zone – could tell us a lot about what's next.
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SybilAttackVictim
· 12-02 00:54
Can this hurdle of 80k be held? Anyway, I don’t believe in those psychological price nonsense.
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TokenomicsDetective
· 12-01 14:54
At the 80,000 dollar mark, there are indeed quite a few loss-making positions.
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SmartContractRebel
· 12-01 14:50
The 80k position has indeed gathered a lot of chips, but can this wave hold? Or is it another rebound trap?
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GateUser-afe07a92
· 12-01 14:43
At the 80,000 dollar mark, we need to see if it can hold up later.
Bitcoin just carved out a fresh support zone right at the $80K mark. What's interesting? The cost-basis heatmap is lighting up with activity – tons of coins got scooped up during today's dip, all clustered around that low-$80K range.
Here's why this matters: when buyers pile in at a specific price level, they've got skin in the game. They're not gonna let it slide below their entry without a fight. That psychological anchor tends to hold strong, especially when the volume's this concentrated.
So yeah, $80K isn't just a round number anymore. It's shaping up as a legit line in the sand that recent buyers will probably defend tooth and nail. Keep an eye on how price action behaves around this zone – could tell us a lot about what's next.