[Analyst: $78,000 Remains a Key Support Level for Bitcoin, Break Above $85,000 Could Lead to a Rapid Surge to $95,000] According to a report by Golden Finance on May 17, CoinDesk analyst James Van Straten stated in an article that approximately 15% of Bitcoin's supply is currently concentrated near the 200-day moving average, which is in the $83,000 to $85,000 range. He believes that if Bitcoin breaks above $85,000, it could quickly surge to $95,000. Additionally, the True Market Mean (TMM) and the cost basis for short-term holders continue to form a key support level near $78,000.