Bitcoin($BTC ) is currently testing a strong resistance zone near $78K, but it hasn’t clearly broken above it yet.
According to Glassnode, the recent recovery looks improved but still fragile.
The price is hovering around $74K, about 5% below the key “True Market Mean” of $78.1K.
This level is important because a real bullish trend needs a confirmed breakout above it.
On-chain data shows 43.2% of short-term holders are in profit, still below the usual exhaustion level.
This suggests the rally may continue, but it’s not fully strong yet.
The profit/loss ratio at 1.16 indicates investors are already taking profits during the rise.
ETF demand is helping support prices, but the recovery remains dependent on these flows.
Overall, the market shows progress, but caution is still needed until a clear breakout happens.
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