Cointelegraph4/21/2026Business
Bitcoin Rally to $78K Signals Uptrend Has Begun, But $84K Resistance Looms
Profitability metrics indicate early bull market conditions, but 1.1M BTC at cost basis could trigger sell-off
Quick Look
- Bitcoin's recovery to $78,000 represents a 26% gain from its February low below $60,000, with profitability metrics SOPR and NUPL signaling the start of a new bull market.
- However, analysts warn that approximately 1.1 million BTC held at an average cost of $84,000 could create significant resistance and trigger selling pressure.
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Bitcoin's recovery to $78,000 represents a 26% gain from its February low below $60,000, with profitability metrics SOPR and NUPL signaling the start of a new bull market. However, analysts warn that approximately 1.1 million BTC held at an average cost of $84,000 could create significant resistance and trigger selling pressure.
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This article was originally published by Cointelegraph.
