Bitcoin Price Recovery Halted by Key Resistance Level

Bitcoin's price has been showing signs of improvement in recent days, with the cryptocurrency reclaiming its True Market Mean near $78,300. This shift away from deeply bearish conditions is being supported by strong institutional demand, including sustained inflows into U.S.-listed spot Bitcoin ETFs and corporate accumulation.

However, despite this improved market structure, Bitcoin remains below a critical resistance zone near $80,000. On-chain data suggests that many short-term holders are selling into strength as the price approaches breakeven levels, creating overhead resistance and making it harder for Bitcoin to confirm a sustained breakout.