Bitcoin's price is inching towards the crucial $81,000 support level, which could determine its next major move. Current analysis suggests that the realized price for short-term Bitcoin holders is key to understanding market behavior.
This $81,000 mark serves as a psychological stronghold for investor sentiment. Historically, staying above it indicates buyers' confidence, while falling below might trigger sell-offs.
Bitcoin has seen a lackluster December, experiencing a 10.9% dip. However, a sudden increase of 4% brought Bitcoin's price to $95,519, still 11.9% shy of its all-time high. Market watchers are keenly observing if it will break this new support threshold.
