<ul><li>Bitcoin's price is approaching the $80,000 level with risks of breaking to the downside.</li><li>On-chain analytics show that support at the $78,000 level is thinning, while support levels between $80,920 and $84,100 have become prominent.</li><li>A cost basis cluster has formed at the $95,000 level, suggesting resistance and the possibility of increased selling activity if prices approach that zone.</li><li>Long-term holders have been the primary source of profit-taking, while short-term traders have endured losses.</li></ul>

Bitcoin Support Thins Below $78,000 As Cost Basis Clusters Shift Toward $95,000

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