Bitcoin Surges Past $77K Amid Shift in Cost-Basis Levels
Bitcoin's price has surged to nearly $77,000 over the past five trading sessions, marking a significant shift in cost-basis levels. According to on-chain data, this break above the Short-Term Holder Realized Price near $67,000 to $69,000 is a sign of changing momentum for Bitcoin holders and traders.
The Long-Term Holder Realized Price has remained steady at around $49,200, indicating that no structural long-term distribution occurred during the recent correction. This stability is in contrast to prior cycles at similar stages.
Bitcoin's price now sits close to the True Market Mean Price near $76,500 and just under the Active Realized Price near $83,800. Analysts describe this position as 'greed rather than euphoria,' with the plus-1 standard deviation band near $98,000 remaining untested by current price action.
Crypto analyst Crypto Haris has pointed to liquidity clusters shaping Bitcoin's short-term direction, with a pocket near $78,000 to $80,000 and another cluster below around $73,000 to $75,000. The daily chart shows RSI above 85, suggesting a stretched setup.