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Bitcoin Finds Strong Support Near $80,000 Amid Three Key Metrics

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BTC
$88,314.600.05%
Bitcoin rebounded above $90,000, 15% higher than its Nov. 21 low near $80,000, with **network metrics** showing strong confluence at key **support level**s. The 2024 yearly volume weighted cost basis, the True Market Mean, and the U.S. spot ETF cost basis all clustered around $81,000–$83,844, reinforcing buying interest. The True Market Mean, reflecting onchain purchase prices, acted as clear support near $81,000. The U.S. spot ETF cost basis, at $83,844, and the 2024 yearly cost basis, near $83,000, confirmed demand during the pullback.
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