BTC faces strong resistance at $80K from overlapping key indicators

Bitcoin is facing strong resistance around the $80,000 level, according to Jamie Coutts, a crypto market analyst at Real Vision. On X, Coutts explained this price point represents a confluence of the True Market Mean—an indicator reflecting the average cost basis for investors—the cost basis for short-term holders, and a significant sell wall. He noted that in past bear markets, BTC entered its final downward leg when the short-term holder cost basis crossed below the True Market Mean, a signal that has now reappeared. To absorb the current selling pressure, Coutts concluded, the price must reclaim and hold above the mid-$80,000s, assuming the February low was the true bottom.