Bitcoin Rejects $79K Cost Basis, Pulls Back to $76.4K Eyeing $68K Support

Bitcoin traded around $76,400 after rejection at the $79,000 Short-Term Holder cost basis and $78,000 True Market Mean, with short-term holders taking profits and momentum stalling. It had rallied to 12-week highs near $79,400 mid-week but suffered repeated $80,000 rejections, a slip to $75,849 lows amid UAE OPEC exit risk-off, and persistent sell walls at $80,500-$82,000. Futures open interest fell to 715.6K BTC, options pinned at $80K, and $75K now tests the bull trend amid bear flag risks.