Bitcoin price targets $78K as BTC holders defend 'strongest near-term support'

Bitcoin’s bounce from a key holder cost-basis level has improved the case for further upside, with historical data pointing to $101,000 as a potential best-case target.

Bitcoin (BTC) is rebounding from a key on-chain support zone, putting the $78,000 level back in focus for bulls.

Key takeaways:

Bitcoin rebounded roughly 2.5% over the weekend to reach $74,000 on Sunday, with the recovery beginning near $72,500.

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