Bitcoin The company is fighting a key technical battle, trading just below two closely watched long-term trend indicators: the 200-day simple moving average (200SMA) at $82,455 and the 200-day exponential moving average (200EMA) at $82,027, according to Glassnode.
The 200SMA calculates the average closing price over the past 200 days, a daily weighted average. The 200EMA uses the same 200-day window but puts more emphasis on recent prices, making it slightly more responsive to current market conditions.
Together, they form a converging resistance zone near $82,000 to $82,500, which Bitcoin must convincingly reclaim to signal a resumption of its long-term uptrend.
Bitcoin fell below the 200-day moving average for the first time in late November 2025, when the price retreated from $108,000. A brief recovery attempt in January failed to return to levels around $97,000, and by early February 2026, Bitcoin had fallen to $60,000.
CheckonChain says Bitcoin is currently holding above several important cost base levels, giving bulls reason to remain cautiously optimistic. The 128-day moving average is located at $75,700, which represents the average price paid by buyers over a shorter period of time and is a level that BTCX has successfully defended.
The current real market average of $78,200 reflects the average price of each Bitcoin the last time it moved on-chain, essentially representing the total cost base of the entire active market.
The short-term holder cost basis of $78,400 tracks the average purchase price among investors who bought over the past 155 days, a group historically prone to panic selling when underwater.
The Bitcoin trading of the above three shows that most buyers are still profitable recently, reducing the selling pressure caused by forced liquidation or panic selling. The key area to watch is whether Bitcoin can turn $82,000-$82,500 into support.