Make CryptoSlate preferred on On Apr. 22, Bitcoin price registered an intraday high of $79,485 as broader risk assets bounced on relief from a ceasefire.On-chain data frames Bitcoin's (BTC) approach to $80,000 as a behavioral tripwire, a ceiling built from the breakeven psychology of recent buyers.Glassnode says BTC has reclaimed the True Market Mean at $78,100, a threshold the firm frames as the boundary between deep bear market conditions and a regime where mean reversion is credible.According to a recent report, Glassnode says the market faces a harder problem around $80,000, where three seller mechanisms stack on top of one another, each reinforcing the next.The first is the Short-Term...
Make CryptoSlate preferred on On Apr. 22, Bitcoin price registered an intraday high of $79,485 as broader risk assets bounced on relief from a ceasefire.On-chain data frames Bitcoin's (BTC) approach to $80,000 as a behavioral tripwire, a ceiling built from the breakeven psychology of recent buyers.Glassnode says BTC has reclaimed the True Market Mean at $78,100, a threshold the firm frames as the boundary between deep bear market conditions and a regime where mean reversion is credible.According to a recent report, Glassnode says the market faces a harder problem around $80,000, where three seller mechanisms stack on top of one another, each reinforcing the next.The first is the Short-Term...
