Bitcoin at Crossroads: $80K as Key Pivot
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Bitcoin enters the post-FOMC landscape struggling to reclaim $80,000, a level that now serves as both psychological resistance and a potential springboard for recovery. Institutional demand, which underpinned April's rebound, is showing signs of fatigue as spot ETF flows turn erratic. On-chain data reveals that the current price sits below the cost basis of recent buyers, raising questions about short-term holder profitability. The market's next major move hinges on whether investors interpret $80K as a relief ceiling or the foundation for a new uptrend. Without a clean breakout, downside risks remain elevated.
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