PANews May 4 news, Coin Bureau co-founder and CEO Nic Puckrin posted on platform X analyzing that Bitcoin has strongly broken through $80,000, creating a new price high in nearly three months, while simultaneously returning to several core technical positions and reasonable ranges of on-chain indicators.

Currently, the coin price has stabilized in the middle range of the $79,000–$84,000 CME gap, a key support area for the bull market, while also breaking through the realized price of short-term holders and the true market average. If the current price level holds effectively, the subsequent upward target will look towards the $83,000 ETF average cost area, as well as the upper edge of the $84,500 CME gap. Overall, Bitcoin's short-term market is entering an important validation phase, and the market may welcome a trading cycle with intensified volatility.

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