Bitcoin Faces Major Supply Resistance at $80,000 Near ETF Holders' Break-Even

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Bitcoin is currently testing a significant price level at $80,000, which represents its largest supply cluster. This zone also coincides with the 50-week moving average, a key long-term technical indicator. The $80,000 level is particularly notable as it aligns closely with the average purchase price of ETF holders. A decisive move through this supply wall could have major implications for Bitcoin's near-term price direction.

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