Bitcoin Nears $77.7K Support Break as Recent Buyers Go Underwater

Bitcoin’s price has slipped below the realized cost of the cohort of buyers who entered the market between one and three months ago, a level that sits at roughly $77.7K. The dip threatens to turn that support into a new resistance zone, potentially reshaping short‑term sentiment.

Realized price represents the average entry price of a group of holders, and when the market falls below this level, many recent buyers find themselves underwater. This can trigger selling pressure as investors seek to cut losses.

Support and resistance zones are key reference points for traders; a breach of the $77.7K floor could signal a shift from bullish to bearish momentum. If the price holds below this threshold, it may confirm a downward trend and prompt further downside moves.

Market Context

Crypto markets often react strongly to shifts in realized price dynamics, as they reflect the collective risk appetite of recent participants. A sustained move below the $77.7K support could elevate volatility and influence the broader crypto index, as traders adjust positions in anticipation of a potential reversal.

Based on reporting from Cointelegraph. Read the original.