Bitcoin Eyes $78K as Short-Term Holders Defend Support

Bitcoin is rebounding from a key on-chain support zone, bringing the $78,000 level back into focus. The cryptocurrency rose roughly 2.5% over the weekend to reach $74,000 after beginning a recovery near $72,500, and the local low sat close to the realized price of coins held for three to six months.

Glassnode data places that cohort’s cost basis near $71,400, which analyst Marcus Corvinus described as Bitcoin’s "strongest near-term support." Corvinus noted the group is still holding profits, creating a strong incentive to defend the level, and highlighted $78,200 as the next upside target since it aligns with that realized-price band that bulls lost during the October 2025 rout.

Historically, a rebound above the three-to-six-month cost basis has tended to precede stronger returns: average gains of 2.3% after 30 days, 21.9% after 90 days and 36.6% after 180 days.

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