Analysis: BTC approaches the average cost range of $83,000 ETF, and the short-term trend enters a critical verification phase
By: rootdata|2026/05/04 04:49:31
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Nic Puckrin, co-founder and CEO of Coin Bureau, posted on the X platform that Bitcoin has surpassed the $80,000 mark, reaching a nearly three-month high, and has re-entered several key technical and on-chain indicator ranges, including the CME gap (between $79,000 and $84,000) midpoint, bull market support zone, and has risen above the short-term holder realized price and the real market average.
Nic Puckrin analyzed that if the Bitcoin price can stabilize in the current range, the next levels to watch include the ETF average cost range of about $83,000 and the upper edge of the CME gap around $84,500. Overall, Bitcoin's short-term trend has entered a critical validation phase, and the market may welcome a more volatile trading window.
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