๐ Bitcoin Near Key Support โ Analysts Warn
According to James Van Straten (CoinDesk), BTC remains in a downtrend as selling pressure builds.
๐ Why this matters:
โข $87.1K โ 100-week MA (long-term market support)
โข $84.1K โ U.S. spot ETF buyersโ cost basis
โข $80K โ True Market Mean Price (on-chain fair value)
โ ๏ธ Van Straten notes that a break below $80K could trigger a retest of $76K (April 2025 low).
๐ CME gap near $89.2K remains unfilled.
๐ Follow for data-backed BTC levels
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