{"id":85083,"date":"2026-04-23T15:16:33","date_gmt":"2026-04-23T15:16:33","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=85083"},"modified":"2026-04-23T15:16:33","modified_gmt":"2026-04-23T15:16:33","slug":"bitcoin-taps-78000-but-the-road-to-80000-could-be-even-harder","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=85083","title":{"rendered":"Bitcoin Taps $78,000, But The Road To $80,000 Could Be Even Harder"},"content":{"rendered":"<div>\n<p><strong>Bitcoin<\/strong> <a class=\"ticker-link\" data-ticker=\"BTC\" data-exchange=\"CRYPTO\" href=\"https:\/\/www.benzinga.com\/quote\/BTC-USD\" target=\"_blank\" rel=\"noopener\">(CRYPTO: <\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) has broken above the True Market Mean at $78,100 for the first time since mid-January, but Glassnode data shows profit-taking spiked to levels that marked every local top this year.<\/p>\n<h3 class=\"wp-block-heading\">The $80,000 Resistance Wall<\/h3>\n<p>The Short-Term Holder Cost Basis at $80,100 <a href=\"https:\/\/insights.glassnode.com\/the-week-onchain-week-16-2026\/\">represents<\/a> the average acquisition price of investors who purchased within the last 155 days.\u00a0<\/p>\n<p>A recovery toward $80,000 would push more than 54% of recent buyers into profit, historically the threshold where distribution pressure has exhausted bear market rallies.<\/p>\n<p>\u201cThis is the second instance of this structure forming,\u201d Glassnode analysts wrote. \u201cRepeated encounters with this threshold reinforce its reliability as a local top indicator,\u201d they added.<\/p>\n<p>Short-Term Holder Realized Profit spiked to $4.4 million per hour. Every prior spike above $1.5 million per hour has coincided with a local top formation. The &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/04\/52003394\/bitcoin-taps-78000-but-the-road-to-80000-could-be-even-harder?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"Bitcoin\" taps but the road to could be even harder>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (CRYPTO: BTC) has broken above the True Market Mean at $78,100 for the first time since mid-January, but Glassnode data shows profit-taking spiked to levels that marked every local top this year. The $80,000 Resistance Wall The Short-Term Holder Cost Basis at $80,100 represents the average acquisition price of investors who purchased within the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-85083","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/85083","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=85083"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/85083\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=85083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=85083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=85083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}