Bitcoin Reclaims True Market Mean, Bulls Eye Corporate Treasury Cost Basis

Bitcoin has reclaimed its True Market Mean, according to Glassnode, putting it in a bullish regime. This means that the price of Bitcoin is above a key level, and the next resistance sits at the corporate treasury cost basis near $80k.

The current price of BTC on the 4h chart is $78,226.69, testing upper Bollinger resistance at $77,874.46. The EMA50 at $77,212.96 anchors support and the MACD golden cross at 74.11 sustains momentum.

The Relative Strength Index (RSI) is neutral at 64.96, leaving room for continuation toward the corporate treasury cost basis before any potential retracement to the EMA200 at $74,641.31.